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After deducting premium expenses and commissions, premiums are paid to your StateTrust Life & Annuities Heritage account value, where they generate interest. Each month, various items are deducted from the account value, such as insurance protection. You can take loans or make withdrawals from the value of your policy for personal use or to cover the needs of your business. These loans accrue interest. Unpaid loans plus interest and withdrawals will decrease your death benefit and the cash value of your policy. The policy will remain in effect as long as the cash value is sufficient to cover the costs of the policy.
| Uses for Universal Life Insurance: | |
| Income Replacement | Debt Repayment |
| Estate Liquidity | Estate Replacement |
| Business Succession | Life Insurance for Key Individual |
| Charity | Life Insurance for your Retirement Plan |
| Annuity Maximization | Pension Maximization |
Riders available for our Heritage Universal Life insurance plans include:
- Accidental Death
- Temporary Additional Insurance
- Spouse Insurance/ Other Insured.
- Critical Illness
- Terminal Illness
- Premium exemption
- Total/permanent disability
| Features | |
| Subscription Age: | 3 months to 75 years of age. |
| Insured Period: | Up to 99 years of age. |
| Premiums: | Flexible with a $1,400 minimum per year. |
| Payment Frequency: | Monthly, quarterly, bi-annually and annually. |
| Benefits: | From U.S. $50,000. |
| Currency: | U.S. Dollars and Euros |
| Investments: | Guaranteed minimum return. |
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