APR Calculator

Historically, people have purchased Permanent Life Insurance for the guarantees that it has provided. In addition to the lifetime insurance coverage that Permanent Life provides, it also contains a savings element that is known to be the policy's cash value. With its cash value clients can access those funds for future needs. Permanent Life provides benefits that will accommodate the unique needs that you may have.

• A guaranteed death benefit
• Income tax free death proceeds
• Guaranteed cash value
• Level premium**
• Ability to customize the plan to fit the need of the policyholder

• Traditional Insurance Protection: Financial security for your loved ones in the untimely event of death.
• Mortgage Protection: Customizable with riders to meet the different needs of mortgage protection.
• Education Funding: Coverage for the education needs of a loved one in the event of a premature death.
• Charitable Giving: Proceeds can be used to make a donation to your favorite charity.
• Business Buy/Sell Agreement: Protect your business assets by using whole life to fund a buy/sell agreement in the event of death.
• Pension Maximization: Allows your client to retire and select the "single life" pension options. Upon the death of the pensioner, the surviving spouse utilizes the life insurance proceeds to provide retirement income.

Our Permanent Life portfolio of products include:

Pro Plus A traditional permanent life plan--with added flexibility to meet your client's needs today and in the future!

Concept 3/Concept 2 Two Universal Life products that provide for a flexible death benefit and flexible premium payments.

If you would like information about any of the products United Heritage has to offer
Contact Us or Locate an Agent in your area.

**Premiums ordinarily may be paid annually or on a "modal" basis; semi-annually, quarterly or monthly.* The amount of a modal premium is greater than a simple fraction of the annual premium-for example, a quarterly premium is greater than 1/4 of an annual premium. This is because a modal premium includes adjustments for such factors as additional collection costs and the fact that the Company does not receive, and have the use of, the entire premium at the beginning of the policy year.

The difference between the total modal premiums for the year and the annual premium can be expressed in the form of an Annual Percentage Rate (APR). The modal premium APR equates the additional charges for a modal payment to the interest rate on an installment loan.** For example, at the beginning of the policy year, the amount of the "loan" would be the annual premium less the first modal premium.