| |
NL
UL/Flex Account
|
NL
Guaranteed UL
|
NL
Term 100
|
| Description |
Maximum
flexibility, combining life insurance and tax advantaged investments
|
Fully
guaranteed insurance, with some investment choices. Emphasis on simplicity
|
Low-cost
permanent insurance
|
| Policy
Options |
Single,
JFTD,JLTD, JLTD charges to first death, JLTD on 3-5 lives
|
Single,
JLTD
|
Single,
JLTD
|
| Protection
Options |
Level,
Increasing, Minimized (Guaranteed Surrender Amounts not included)
|
Increasing
(Guaranteed Surrender Amounts not included)
|
Increasing
(Guaranteed Surrender Amounts not included)
|
| COI
Types |
Level,
Level 10, Level 15, YRT to Level, YRT
|
Guaranteed
100, Guaranteed 10, Guaranteed 15
|
Pay
to 100, 10 Pay, 15 Pay
|
| Bonus
Plans |
Performance,
Guaranteed, No Bonus with reduced MERs and increased minimum guarantees
|
No
Bonus with reduced MERs and increased minimum guarantees
|
None
|
| Investment
Options |
Daily
Interest Account, Guaranteed Interest Account, Market Index Accounts,
Hedge Accounts
|
Daily
Interest Accounts, Guaranteed Interest Accounts
|
Daily
Interest Account
|
| Optional
Benefits |
10
year renewable term, ACB, Accidental Death, Children’s Term, CPI,
Fixed Index, Level Lifetime, Return of Premium, Return of Level Premium,
Waiver of Premium
|
None
|
None
|
| Surrender
Charges |
Standard-Percentage
of Threshold Premium during the first 10 years, Investor-Percentage of
account Value during first 9 years
|
Percentage
of Threshold Premium during first 10 years
|
None
|
| Guaranteed
Surrender Amounts (GSA) |
Available,
starting in year 5 with Level 10/15 COI types and return of Level Premium
benefit on surrender, lapse, reduction of coverage or termination of RLPB
|
Available,
starting in year 5 with Guaranteed 10/15 COI types upon surrender, lapse
or reduction in coverage
|
Available,
starting in year 5 with 10/15 Pay COI types upon surrender, lapse or reduction
in coverage
|
| Early
Death Benefit |
Tax-free
payout of Account Value on the first death. Available with JLTD.
|
Not
Available
|
Not
Available
|
| Disability
Benefit Payout |
Tax-free
payout of Cash Surrender Value upon disability of a life insured under
the contract
|
Not
Available
|
Not
Available
|
| Policy
loans |
Variable
Rate loans, Investor Plus fixed spread loans
|
Variable
rate loans available with Guaranteed 10/15 COI types after charges cease
date. Cannot borrow against GSA.
|
Variable
rate loans available with Guaranteed 10/15 Pay types after charges cease
date. Cannot borrow against GSA.
|
