|
Product Type: Individual flexible premium adjustable
life insurance, a universal life insurance policy (VAN-89)
Minimum
Specified Amount: $10,000 $100,000 Preferred
Issue Ages:
0 - 75
Rate Classes
Available: Preferred to
age 70, nonsmoker and smoker rates for male, female and unisex classes.
Also substandard.
Death Benefit: Level or increasing death benefit
payable to age 100
Premiums: Payable to age 100. Within certain
limits, you may increase, decrease, stop, restart or continue premium
payments.
Optional Riders
Available:*
Waiver of Monthly Deduction
Term Insurance Rider
Spouse Insurance Rider
Children’s Insurance Rider
Accidental Death Benefit
Guaranteed Increase Option
Cost of Living Adjustment
Survivor Purchase Option
Accelerated Benefit Rider - automatically added for face amounts of
greater than $25,000 unless requested otherwise.
*
Riders and supplemental benefits may be subject to underwriting
availability and additional costs. Not all riders and supplemental
benefits are available for each product underwritten by The
Lafayette Life. For more information contact your agent.
Guaranteed
Interest Rate: 4.0%
Expense Charge and
Each premium has an
expense charge deducted before it is credited to the policy value. The
expense charge is guaranteed not to exceed seven percent of the premium,
and the monthly administrative fee which is also deducted from the
policy value, will not exceed $4.50. In the first policy year there is
an additional monthly expense charge based on the issue age of the
insured.
Guaranteed Maximum
Mortality: 1980 CSO
Smoker/Nonsmoker Age Last Birthday Mortality Tables.
Surrender Charges:
None
Loans and Partial
Withdrawals: If the
policy has a cash value, you may have access to the cash value through
either a loan or partial surrender.
Loan Interest
Rate: Flexible but
guaranteed to never exceed an effective annual rate of 8%.
Partial Surrender
Fee: $15
Form
#1941 |