Get extra protection for your clients with Symetra UL-G w/Chronic Illness Plus Rider

Symetra UL-G with Chronic Illness Plus provides guaranteed life insurance coverage with greater access when it’s needed1

As clients get older, they may become more concerned about the financial effects of chronic illness and long-term care. You can’t plan for chronic illnesses, but you can help protect against their costs.

Symetra UL-G’s
Chronic Illness Plus Rider provides enhanced access to the policy’s death benefit—up to 100%—with flexible payment options and the same low premiums you have come to expect from Symetra.2

Our latest Success Story highlights how Symetra UL-G with Chronic Illness Plus provided the guaranteed life insurance a client needed, PLUS peace of mind from having access should his needs change.

Click here for a success story.

 

Symetra UL-G is a flexible premium universal life insurance policy issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. This policy is not available in all U.S. states or any U.S. territory; however, where available, it is usually issued under policy form number ICC14_LC2.  

Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.   


The Chronic Illness Plus Rider is not available in all U.S. states or any U.S. territory; however, where available, it is issued under policy form number ICC15_LE4. The rider is only available for issue ages 20-80. If this rider is elected, additional underwriting will be required and the rider rate class will be the same as on the base policy. It’s possible that the insured is approved for the base policy, but declined for this rider based on the rider underwriting results. If a policyholder requests an increase in face amount, it’s possible that the base policy increase is approved but the rider increase is declined. If the rider increase is declined, no subsequent rider increase requests will be allowed. This rider is not available on policies with ratings higher than Table 4, with annual flat extras exceeding $5 per $1,000, or with both flat extras and table rates. This rider is an additional accelerated benefit to the inherent Chronic Illness Rider. Exercising this rider will prohibit the policyholder from exercising the inherent Terminal Illness Rider.


Receipt of an accelerated death benefit may be taxable, especially if the insured does not have a prescribed plan of care. Your clients should consult their personal tax or legal advisor before applying for this benefit. They may also lose their right to receive certain public funds such as Medicare, Medicaid, Social Security, Supplemental Security Income (SSI), and possibly others. This accelerated death benefit is intended to qualify under section 101(g) (26 U.S.C. 101(g)) of the Internal Revenue Code of 1986 as amended by public law 104-191. The death benefit and loan value will be reduced if an accelerated death benefit is paid. 


1As long as sufficient premium payments are made on a timely basis (as illustrated), no unscheduled loans or partial withdrawals are taken, and the policy loan value does not exceed the policy’s cash surrender value, the insurance coverage will remain in effect. 

2See piece LIM-1296/A100$3M for complete details.

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