Get the free ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance

This document provides an overview of the ContinUL Extend® universal life insurance product, including premium options, benefit guarantees, compensation structure for producers, and necessary details

How to fill out continul extend flexible premium

How to fill out ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance

1. Gather your personal information, including identification, social security number, and contact details.
2. Determine your coverage needs and preferred death benefit amount.
3. Choose the flexible premium amount that fits your budget.
4. Complete the application form, providing accurate information about your health, lifestyle, and any existing insurance.
5. Review the terms and conditions of the policy carefully before submission.
6. Submit the application and any required documents to the insurance provider.
7. Await approval from the insurance company and pay the initial premium to activate your policy.

Who needs ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance?

1. Individuals looking for lifelong coverage with flexible payment options.
2. Those who want to ensure financial protection for their beneficiaries in the event of their passing.
3. People interested in building cash value over time while having adjustable death benefits.
4. Those who may have fluctuating income and prefer premium payments that can vary.
5. Individuals seeking an insurance policy that can adapt to changing financial situations.

People Also Ask about

Why would someone buy universal life insurance?

The flexibility and freedom of universal life also mean that there are fewer guarantees. In a whole life policy, the premiums, cash value growth, and death benefit are guaranteed not to change. With a Universal Life Insurance Policy, all those things are designed to be flexible.

What is a flexible premium adjustable universal life insurance policy?

Adjustable life insurance, also known as universal life insurance, is a policy that permits you to change coverage details after buying. You can change the premium and the death benefit if you choose. Adjustable life is a type of permanent life insurance. There's no expiration date.

What happens to cash value in universal life policy at death?

If you want your premiums, death benefit, and cash value to be guaranteed and don't mind paying extra for this convenience, whole life insurance is likely your best bet. But if you're searching for a more flexible policy, you might want to consider universal life insurance.

What does extended death benefit mean in life insurance?

A group policy provision that pays a life benefit when (1) the insured is totally and continuously disabled at the time the policy owner stops paying premium until the insured's death, and (2) if the insured dies within one year of the date the premium payments stopped, or prior to age 65.

What is flexible premium and death benefit?

Adjustable life insurance allows you to make changes to the cash value, premiums, and death benefit. It gives you the flexibility to adjust your insurance coverage based on shifting life events. Adjustable life insurance includes a savings component known as cash value.

What is the disadvantage of universal life insurance?

Universal policies typically don't have fixed interest rates, so they are less predictable than whole life insurance policies. If you miss a payment on a universal life policy or don't contribute enough to the cash value, you may end up making several large payments to keep the coverage.

What are the bad things about universal life insurance?

Cons: 1. Temporary Coverage: Once the term is up, unless there are renewal options, you're no longer insured. If your health has deteriorated, new insurance can get pricey. 2. No Cash Value: You're renting the insurance; there's no savings component. If you outlive the policy, there's no payout. 3.

For pdfFiller’s FAQs

What is ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance?

ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance is a type of permanent life insurance that provides a flexible premium structure and adjustable death benefits. This insurance product allows policyholders to adjust premiums and death benefits according to their financial needs.

Who is required to file ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance?

Typically, individuals or entities wishing to obtain this insurance policy must file the necessary paperwork, which may include an application and medical information, to the insurance provider. Specific requirements may vary by state and insurer.

How to fill out ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance?

To fill out the ContinUL Extend® application, gather all required personal and financial information, complete the application form with accurate details including health history, and submit it along with any required documents and payment to the insurer.

What is the purpose of ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance?

The purpose of ContinUL Extend® is to provide policyholders with life insurance protection while allowing for flexibility in premium payments and death benefit amounts, thereby accommodating changes in financial situations and needs over time.

What information must be reported on ContinUL Extend® Flexible Premium, Adjustable Death Benefit Universal Life Insurance?

Key information that must be reported includes personal identity details, beneficiaries, premium payment details, health and medical history, and any additional riders or optional benefits selected by the policyholder.