UL-DB

Help provide your clients the flexibility to live what they love. UL-DB (Universal Life - Death Benefit) is a flexible premium adjustable life insurance product that is specifically designed for those who are seeking low-cost permanent insurance and for long-term death-benefit guarantees.

Markets

UL-DB is designed to be suitable for many types of individuals and purposes:

Estate Planning
Wealth Transfer
Pension Maximization
Business Buy/Sell Agreements
Family Protection
Supplemental Retirement Income

Highlights

Interest Bonus
Net Zero-Cost Loans in years 11+
Long no-lapse guarantee period
Premium Guarantee Rider – Extends the NLG period to any age up to maturity
Five underwriting classes
Rolling targets

Death Benefit

Option 1 — Level Death Benefit
Option 2 — Increasing Death Benefit
Minimum: $25,000
Maximum: Unlimited (subject to Underwriting approval)

No-Lapse Guarantee

If the minimum premium is paid, we guarantee coverage will not expire for the lesser of 15 years or age 75 but not less than 10 years¹.

Premium Guarantee Rider

The U-PGR is a great way to help achieve flexibility for your clients. It provides the option to extend the death benefit to any age up to maturity. It is available for all issue ages, but can be added only at issue. The maximum face amount is $999,999 for issue ages 0-17.

Interest Bonus

UL-DB offers a conditionally guaranteed interest bonus² to further help your clients build long-term cash value accumulation. Interest bonus may be earned when we declare a current interest rate that exceeds the guaranteed interest rate. The current interest bonus rates are 1.0% in years 11 and thereafter.

¹ Subject to premium paying requirements.

² If we are crediting interest in excess of the guaranteed interest rate and your policy is in effect after the 10th policy anniversary, the policy will receive an Interest Bonus (not available in Texas). The Interest bonus is not applied to loaned funds. Interest Bonus percentages are not guaranteed and subject to change; however, once a policy is issued, the percentage will not change.

UL-DB and the U-PGR – Premium Guarantee Rider are issued form series L137 and TR141 or state variation by Midland National Life Insurance Company, Executive Offices, One Sammons Plaza, Sioux Falls, SD, 57193. Products, features or riders may not be available in all jurisdictions. Limitations or restrictions may apply.