licensed nursing home with no expectations of leaving), the owner is able to ... (SPWL) and Qualified Care Accelerated D
Single Premium Whole Life
Provides a lifetime of coverage and much more.
SPWL from United Life – a simple solution Single Premium Whole Life, commonly referred to as SPWL, is a paid-up life insurance plan that includes a guaranteed cash value and a guaranteed death benefit once approved. What you see is what you get. This plan is available for insurable individuals from ages 0 to 90, and can be issued for benefit amounts as low as $2,500 (not to exceed $100,000 for ages 86 through 90).
SPWL can provide a simple solution to any of the following needs:
“My mom needed nursing home care and I remember the financial and emotional stress it created. So, if I should ever need assistance, I want to be sure that my family and my assets are protected. United Life’s SPWL with Qualified Care gave me the assurances I was looking for.”
u PRE-ARRANGED FUNERAL FUNDING Plan today and make decisions now, shielding your family from having to make them later during an emotional and difficult time. u CHILDREN’S POLICY WITH OPTION TO INCREASE An excellent gift by a parent or grandparent, a onetime premium provides paid-up coverage. Plus, at age 25, regardless of health, the insured may purchase permanent insurance for an amount up to 10 times the original policy ($100,000 maximum). u TAX EFFICIENT ALTERNATIVE TO ANNUITIES OR CDs CD interest is taxable each year. All or some of annuity benefits left to a beneficiary are subject to taxation. Those same dollars, used as premium into an SPWL, may provide a larger death benefit that will pass to the beneficiary, free of income taxes. u CHARITABLE GIVING Discretionary dollars, the unessential assets many people possess, may be subject to both taxes and probate costs. Why not pass these dollars on to heirs free and clear? Use today’s premium dollars to leave a relative, favorite church or charity a greater legacy when you pass on. If the church or charity is made the owner of the policy now, you may have a current tax deduction as well. u PAID-UP COVERAGE Exchange an older cash-valued policy for a paidup SPWL based on improved mortality tables. An insurable non-smoker may receive up to double the coverage from an existing policy without any out-ofpocket costs.
FUNDING OPTIONS The policy can be funded in any of the following ways:
• Single lump-sum premium
• Up to six equal annual installments
• Two equal semi-annual installments
• 12 equal monthly bank account drafts
SIMPLIFIED APP AND UNDERWRITING The application is simplified with three medical questions, no matter how much coverage you are applying for. A simplified underwriting process when applying for a coverage amount of $100,000 or under means that there is no medical testing to worry about, and as long as the applicant meets underwriting requirements, the coverage may be approved within a matter of days. Applications for $100,001 and higher will go through a full underwriting process, which includes medical testing that is arranged by and paid for by the company.
SIMPLE SOLUTIONS FOR POTENTIAL LONG-TERM CARE NEEDS Though most people are certainly aware of the rising costs of long-term care, many individuals do not have a policy to help cover potential long-term care costs.
“Protecting our family by thinking ahead and making decisions now just makes sense. We cashed out one of our bank CDs and used the funds to buy two SPWL policies with the QCADB rider for both of us.”
United Life’s Qualified Care Accelerated Death Benefit (QCADB) rider, also referred to as Qualified Care, can be added to a new SPWL policy. The rider could provide monthly benefits to use towards long-term care expenses. Any part of the death benefit not used for long-term care expenses is paid to beneficiaries when the insured passes away. The Qualified Care rider is available for ages 18 through 85 and provides:
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that will never go up
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n Value:
n Choice:
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One underwriting process, one application, and one guaranteed premium Generally less expensive than purchasing separate permanent life insurance policy and a separate standalone long-term care policy You choose how to spend the benefits received benefit of $50,000 to $300,000 available, not to exceed the policy face amount
indemnity benefit, paid as an acceleration of the death benefit, when the insured cannot perform at least two of the six activities of daily living and is receiving any of the following forms of long-term care services: u In home care u Adult day care u Nursing home u Assisted living
LIVING BENEFITS RIDER In the event that the insured is determined to be terminally ill (life expectancy certified by a physician to be less than 12 months), or permanently ill (confined to a licensed nursing home with no expectations of leaving), the owner is able to exercise up to half of the death benefit early as a discounted benefit. The rider is automatically included on policies of $50,000 and higher. Benefits paid under this option reduce the death benefit and other values in the policy. At the owner’s option, the benefit can be paid in a lump sum, or may be paid out in a series of regularly scheduled monthly payments.
“Even though we are healthy today—we can’t predict the future. We added the Qualified Care rider to our life policies to protect ourselves from the high cost of potential long-term care in the future—if we should need it. Plus, I can choose where I receive long-term care, even at my home.”
*LIFE INSURANCE IS AVAILABLE TO INSURABLE RISKS ONLY. Not available in all states. Single Premium Whole Life (SPWL) and Qualified Care Accelerated Death Benefit Rider (QCADB) require a simple application with only three medical questions. Depending on the face amount of the coverage applied for and answers to the questions, underwriting may ask for additional requirements. Not insured by the FDIC or any other Federal Government agency, not a deposit or other obligation of, or guaranteed by any bank, subject to risks including the possible loss of principal amount invested. Hypothetical testimonials and paid stock photographs depicted. Benefits are only generally described here. Products and availability may vary by state. Read the policy for exact details on benefits and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail. Single Premium Whole Life form ICC12 LIU-39, Qualified Care Accelerated Death Benefit rider form ICC12 LIU-842, Living Benefits Rider Form ICC12 LIU-530
In addition to realizing the rewards of our fine financial products, you receive these United Life benefits: Regional Company Founded to Serve its Clients
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stablished in 1962, our company has maintained a strong focus on quality products, excellent service and E financial strength. nited Life and our parent company, United Fire Group, are recognized in the industry for our financial stability. U Our investment portfolio is managed internally, with an emphasis on high quality corporate and government fixed income securities. We remain dedicated to continuing the tradition of excellence upon which our company was founded.
Exemplary Customer Service
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ur knowledgeable staff of life insurance professionals provides a standard of service that is O unsurpassed in the insurance industry. ick up the phone and talk directly to a person who understands your concerns and can help—no P automated directories.
UNITE D LIFE
United Life Insurance Company 118 Second Avenue SE PO Box 73909 Cedar Rapids, Iowa 52407-3909 www.unitedlifeins.com 800-637-6318 LIP-929 (7-15) C
