CUL-G

Looking for great rates plus enhanced living benefits on a guaranteed death benefit product?

With Midland National’s Century UL-G, you can offer your clients industry-leading rates with death benefit coverage for any length of time – all the way to age 121. Plus, there are no premiums payable beyond age 100.

Markets

Century UL-G is designed to be suitable and affordable for many types of individuals and purposes:

For meeting family obligations on a limited budget.
As protection for outstanding loans, whether these loans are personal or business.
Solid cash-value accumulation.
As a means of protecting against mortgage obligations.
To provide coverage on other family members.
To protect key people of a business in its formative years of growth.
For wealth transfers.

Highlights

Death benefit guarantee to any age up to age 121 (included on ALL policies)
No premiums payable beyond age 100
Low-cost premiums to guarantee death benefit
Six underwriting classes
An Initial No-Lapse Guarantee of 5 years for all issue ages
Two-year rolling target premiums

Low Term-Like Rates

$250,000 Lifetime Guaranteed Death Benefit; Male Best Non-Tobacco¹
Company	Product	Class	Age 35	Age 45	Age 55
Midland National	Century UL-G	Preferred Plus	$1,087	$1,748	$2,730
Transamerica	TransACE	Select	$1,098	$1,759	$2,762
American General	ContinUL Extend 2007	Preferred Plus	$1,170	$1,825	$2,858
Lincoln National	LifeGuarantee UL	Preferred Plus	$1,207	$1,840	$2,973
ING Sec Life of Denver	GDBUL	Super Preferred	$1,220	$1,881	$2,886
Protective	Centennial G UL	Super Preferred	$1,235	$1,860	$2,875
Principal	UL Protector III	Super Preferred	$1,373	$1,908	$2,892
John Hancock	Protection UL-G 07	Super Preferred	$1,449	$2,063	$2,823

Flexibility

With the Century UL-G, your clients can select the death-benefit guarantee in one of two ways:

By specifying a stream of premiums, which then can be used to calculate how long the policy's death benefit can be guaranteed based on that premium scenario. Or;
By specifying the length of time your clients want the policy to stay in force without lapsing and then calculating how much premium is required for that length of time.

Death Benefit

Minimum: $25,000 for all issue ages and classes, except $100,000 for ages 20-44 in Preferred Classes and the Non-Tobacco Plus Class
Maximum: Unlimited (subject to Underwriting approval); For ages 0-19, maximum death benefit is $999,999.

No-Lapse Guarantee²

Initial No-Lapse Guarantee: If the minimum premium is paid, coverage will not expire during the Initial No-Lapse Guarantee Period. The Initial No-Lapse Guarantee Period is the first five policy years for all issue ages.
Extended No-Lapse Guarantee: After the Initial No-Lapse Guarantee period, the Extended No-Lapse Guarantee extends the policy’s guaranteed death benefit for any length up to age 121. The guarantee will vary depending on the amount and timing of premium payments. No premiums are payable after age 100.

¹Competitor information is obtained from sources believed to be reliable, but its accuracy or completeness is not guaranteed. This data is for informational purposes and is not intended as a solicitation or a recommendation of any insurance product. All expressed information or opinions are subject to change without notice.

²Subject to premium paying requirements.

Century Universal Life–G is issued on policy form series L131 by Midland National Life Insurance Company, Executive Offices, Sioux Falls, SD 57193. Products, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply.