Americo's Ultra Protector Series is a series of whole life insurance products designed to help cover the costs associated with funeral and burial expenses, unpaid medical bills, or other financial obligations your clients' family may face when he or she dies. Ultra Protector Series can be a great way to protect families from the costs of final expenses.
Ultra Protector Series
- Three products to fit different situations
- Every client can qualify for coverage(4,5)
- No medical exam required(6)
- Face amounts from $2,000 - $30,000
- Coverage that cannot be cancelled because of age or health
- Income tax-free death benefit
- Simple application process
- Quick issue – 4 day turnaround on clean applications
- Permanent life insurance coverage with rates that will never increase
- Coverage for children or grandchildren
- Guaranteed level premiums for the life of the policy
- $40 annual policy fee (non-commissionable)
Ultra Protector I
- Face amounts from $2,000 - $30,000
- Issue age range is 50-80/85 (smoker/non-smoker); age last birthday
- Simplified issue; accept/reject
- Full death benefit effective day one
- Smoker/Non-smoker; Male/Female
- Non-smoker rating class defined as no cigarettes for last 12 months; smokeless tobacco, cigar, and pipe smoke qualify
- Accelerated Benefit Payment Rider (Rider Series 2146) included at no additional cost; clients can receive up to 50% of the death benefit payable under the policy
- Children’s Term Rider (Rider Series 2147) available for $11 per $1,000 annually
Ultra Protector II
- For those that do not qualify for UPI but still want protection, UP II offers a 2-year graded death benefit (level in select states)
- Year 1: Death Benefit equals return of premium plus 5%
- Year 2: Death Benefit equals the greater of return of premium plus 10% or 50% of the face amount
- Year 3+: Death Benefit equals 100% of the face amount
- Face amounts from $2,000 - $30,000
- Simplified issue; accept/reject
- Issue age 50-80; age last birthday
- Male/Female
- Accidental death benefit provision included at no additional cost; if death occurs as a result of an accident during the first 2 years, the full death benefit will be payable(5)
Ultra Protector III
- For those that do not qualify for UPII, UP III is guaranteed issue(4); no need to answer health questions(6)
- 3-year graded death benefit (2 years in select states)
- Year 1: Death Benefit equals return of premium plus 5%
- Year 2: Death Benefit equals return of premium plus 10%
- Year 3: Death Benefit equals 75% of the face amount (100% in select states)
- Year 4+: Death Benefit equals 100% of the face amount
- Face amounts from $2,000 - $10,000
- Issue age 50-75; age last birthday
- Male/Female
- Accidental death benefit provision included at no additional cost; if death occurs as a result of an accident during the first 3 years (2 years in select states); the full death benefit will be payable(5)
(1) Americo Life, Inc. is a holding company and is not responsible for the financial condition or contractual obligations of its affiliate insurance companies.
(2 )“Admitted Assets, Top Life Writers-2008,” A.M. Best Co., as of July 2008.
(3) Information is as of year-end 2008 on a consolidated basis for Americo Financial Life and Annuity Insurance Company and the other life insurance subsidiaries of Americo Life, Inc., unless otherwise indicated. Information is prepared on the basis of generally accepted accounting principles (GAAP).
(4) Subject to issue age limits and state availability.
(5) State variations apply.
(6) Issuance of policy may depend upon answers to medical questions.
Ultra Protector Series (Policy Series 281/282/283/284) is underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Some products and riders may not be available in all states. Some riders are optional and available for an additional cost. Certain restrictions and variations apply. Consult policy and riders for all limitations and exclusions.
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