CorpExec Universal Life Insurance

PRODUCT DESCRIPTION:

Universal life insurance designed for use by corporations.

PRODUCT AVAILABILITY:

  • Must be employer owned or sponsored
  • Must have an employer/employee relationship
  • Minimum base face amount of $25,000 per policy.

MEDICAL UNDERWRITING:

  • Issue ages: 18-80
  • Minimum coverage: 3 lives and $100,000 initial annual case premium

GUARANTEED ISSUE:

  • Issue ages: 18–70
  • Minimum coverage: 10 lives and $250,000 initial annual case premium
  • The employee must meet our active work requirements

RATE CLASSIFICATIONS:

  • Male and female
  • Unisex available subject to approval
  • Non-smoker and standard

RIDERS:

  • Alternative Cash Surrender Value Benefit
  • Supplementary Term Rider (Only available with CVAT Section 7702 Test)

 

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