The TUL-20 is a hybrid Term/Universal life contract that has been engineered to meet many of the current needs as well as the future needs of your client. The TUL-20 is designed as a 20 year term. Based on minimum target premium**, the coverage is guaranteed to stay in force for twenty years (Texas guarantee is 9 years and California is 10 years).

APR Calculator

Keep in mind that a 20 year term is not all this product can do for your client! One great feature of the TUL-20 is that at any point during the life of the policy, your client has the option to change just about any aspect of the policy. They may change the face amount, change the premium** amount, lengthen or shorten the term of the coverage, park a lump sum of cash in the policy, or take a loan out against the accumulated values!

It can be used when:

• Client wants a long term and may be prohibited because of age
• Client wants a return of premium after a given period of time
• Client wants to liquidate assets out of an estate
• Client wants a specific term coverage with flexibility to change at a later date
• Client wants a low cost UL coverage now and pay more premiums later
• Client wants to cover a mortgage
• Client wants to insure family members
• Client wants to have flexibility later on during the policy
• Client wants to lock in their age on a permanent plan.

Issue ages: 18 through 75

Minimum Base
    Issue ages 18-59……….$25,000
    Issue ages 60-75………$15,000
    Preferred Class 18-75…$100,000

No lapse Guarantee Period
The no lapse guarantee period is the number of years that the policy is guaranteed to remain in force provided the minimum annual premium** is paid even if the cash value is insufficient to cover monthly deductions. This guarantee period does not apply if policy loans or cash withdrawals are made during the no lapse guarantee period.

    Texas - 9 years but not to go beyond age 80
    California - 10 years but not to go beyond age 80
    All other states - 20 years

Riders available:
    Accidental Death Benefit
    Other insured rider(Spouse/Children)
    Waiver of Deductions
    Level Term Rider
    Decreasing Term Rider
    Accelerated Benefit Rider

The TUL-20 is the most versatile life insurance product available. You can meet just about any need by using the TUL-20 in combination with the appropriate rider.

What about Commissions?
How does big money sound? The TUL-20 pays 18% on excess premium on ages 18-49.
Combine that with our base UL commission and you will find a nice deal.

**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.