GUA R DIAN U NIVER SA L LIFE

Transcription

1 GUA R DIAN U NIVER SA L LIFE PER M A NENT PROTECTION W ITH E XCEPTIONA L FLEXIBILIT Y

2 Always bear in mind that your own resolution to succeed is more important than any other one thing. Abraham Lincoln S u c c e s s I know the price of success: dedication, hard work, and an unremitting devotion to the things you want to see happen. Frank Lloyd Wright

3 Building a business or considerable personal wealth takes talent and determination. For generations, Guardian has provided insurance products and services to help people conserve and protect the assets they have earned. Consider this: Is your insurance protection equal to your financial achievements? Are you seeking to leverage assets to help build your business or to use for retirement? Do you need to start thinking about conserving your assets to transfer to future generations? Does your financial strategy require a flexible, tax-efficient way to rapidly accumulate cash? If so, now may be a good time to consider Universal Life insurance. 1

4 WHY UNIVERSAL LIFE? Universal Life insurance is a valuable complement to a well-crafted insurance program, offering permanent financial protection in case of death, as well as high cash accumulation potential. The main advantage to Universal Life is that it can be easily modified throughout your lifetime to match current or anticipated financial needs, providing the capstone to complete a solid financial foundation. An intelligent financial strategy typically calls for a diverse array of products that can respond to current and future economic conditions as well as your own changing situation. With UL flexibility is key. 2

5 PROTECTION An Attractive Alternative Guardian s ULtraMax Gold SM Universal Life offers an attractive alternative to other funding vehicles that address the issues, challenges, and financial protection needs that business owners, executives, or individuals with sizeable estates may face in managing wealth. Where high early cash accumulation is required, it provides a viable strategy for rapidly building assets on a tax-deferred basis, plus the added advantage of passing on a substantial, income tax-free death benefit to heirs. Key features include: Flexible premiums High early cash value Tax deferred growth Minimal impact on overall finances Self-funding in case of disability through waiver of policy charges or a specified amount Three death benefit options Funding Your Policy Compared to whole life or term insurance, a Universal Life policy allows more flexibility in the amount and timing of premium payments (within limits), as well as the ability to vary death benefit amounts. With ULtraMax Gold SM, economical pricing reflects the high case size minimums, providing a tax-efficient way to maximize cash accumulation while keeping the life insurance face amount at the lowest possible level. The policy was designed to fit perfectly into a business plan to provide buy-sell funding, provide a fringe benefit program to a select group of executives, or as key person insurance with minimal impact on the balance sheet. It can also add a strategic layer in an estate plan in terms of conserving assets to equalize bequests among heirs, and in retirement planning, providing an unparalleled degree of control over funding and life insurance benefits. Guardian also offers several key rider options that enhance the value and flexibility of your policy as well, including an option to waive premiums in the event that you are unable to work, and an option to increase your death benefit without proving good health. 1 UL Death Benefit Option Choices ULtraMax Gold SM offers the unique opportunity to select and change the death benefit options. If you re seeking pure protection on a permanent basis, the Level Death Benefit provides a benefit equal to the face amount of the policy. The Increasing Death Benefit equals the face amount of the policy plus the policy s account value at the time of death. There is also a third option in which your beneficiaries receive the face amount of the policy plus a return of premiums you ve paid ideal for business solutions. You may also increase or decrease the policy s face amount to accommodate changing needs, in addition to changing the option Riders may incur additional costs. 2 Evidence of insurability may be required for face amount increases unless otherwise specified in the policy.

6 PERFORMANCE The cash accumulation element of a Universal Life policy is based on the amount of premiums you pay, the declared interest crediting rate, the amount of insurance provided, and company expenses. Because ULtraMax Gold SM is issued by Guardian, it is tied to the company s general account assets, providing the stability that generations of policyholders have successfully counted on. Guardian guarantees that the interest rate credited to this policy will never be lower than 3.0% annually, although it may be higher. You have access to your cash value through a combination of withdrawals or policy loans, in order to meet personal or business financial needs, or even as a supplement to retirement income. Tax Advantages As with most permanent life insurance products, the policy account value (or cash value) in a Universal Life policy accumulates on a tax-deferred basis, so it is not subject to current taxation as earnings or interest. You can access these accumulated funds through tax-free policy loans or withdrawals, in most cases. And the death benefit is paid (within days of the time the claim is submitted) income-tax-free to your beneficiaries. Regardless of what tax bracket you may be in, the tax savings on insurance benefits can be substantial. 3 ULtraMax Gold SM will continue to build value throughout your lifetime and enable you to pass it on to your heirs, with all the tax advantages inherent in permanent life insurance. 4 3 Guardian, its subsidiaries, agents, and employees do not give tax or legal advice.

7 WHY UL FROM GUARDIAN? All companies offering Universal Life products are not alike. While UL products can be similar in structure and design, they differ over time in features and performance, and that is linked directly to the company s overall results. As a Universal Life policy can be in force over a lifetime, it is important to choose a company with the values, strength, and stability to meet obligations and provide outstanding service over the long-term. As a mutual life insurance company founded in 1860, Guardian has served generations of policyholders, always keeping the best interests of our customers in focus. We continue to develop and design products to integrate with your asset strategy, so that you can live well today and feel very good about tomorrow.

8 ENR ICHING THE LIVES OF THE PEOPL E W E TOUCH The Guardian Life Insurance Company of America 7 Hanover Square New York, NY Product Form No. 07-CAUL Pub. 4039F