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Product Type: Individual Flexible Premium Adjustable
Life Insurance (ULt-94), a universal life insurance policy
Minimum
Specified Amount: $100,000 Preferred $10,000 Non-preferred,
non-qualified smoker and non-smoker $1,000 Non-preferred, qualified
non-smoker and smoker
Issue Ages:
0 - 80
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
company and legal limits, you may increase, decrease, stop, restart or
continue premium payments. A minimum premium is required to keep the
policy in force during the first five years from issue or for increase
in coverage.
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 at no additional cost if
the initial specified amount is at least $25,000 and no exclusion was
requested.
*
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 Charges:
5% on all premiums.
Current Interest
Credited Rates : Set by
the company on the entire policy value based on the initial specified
amount, and applies to the premium received in following month for a one
year period.
Administrative
Fees: Guaranteed not to
exceed $4.50 per month. Currently, the fee is $4.50 per month for
specified amounts below $100,000 and zero for specified amounts of
$100,000 and above.
Current interest
rate, expense charge and administrative fees are not guaranteed. Subject
to the guaranteed limits discussed above, the company may change the
current credited interest rates, charges and fees at any time and for
any reason.
Surrender Charges:
Surrender charges apply
for the first 20 years, decreasing to zero over 20 policy years. Any
increase in specified amounts will result in an additional surrender
charge, decreasing to zero over the 20 years following the increase.
Policy Loans and 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
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