Century Universal Life–G (CUL-G)

CUL-G provides some of the lowest premiums available for clients seeking lifetime guaranteed death benefit protection. With CUL-G, you can offer your clients industry-leading rates with death benefit coverage for any length of time – all the way to age 121. Plus, there are no premiums to be paid beyond age 100.

Universal Life—Death Benefit (UL-DB)

UL-DB is a flexible premium adjustable life insurance product that is specifically designed for those who are seeking low-cost permanent insurance and for long-term death-benefit guarantees. UL-DB provides competitive premiums to guarantee the death benefit to maturity (with the Premium Guarantee Rider).

Universal Life—Cash Value (UL-CV)

UL-CV is specifically designed for those who are seeking death benefit protection and cash value performance. UL-CV is a great long-term product when highly funded, with the best combination of cash value accumulation and access (i.e., loan/withdrawal). UL-CV provides attractive compensation with the highest target premium and compensation rate of our Universal Life portfolio.

Net Zero-Cost Loans

What kind of access do your clients have to their cash values? Midland National provides contractually guaranteed Net Zero-Cost Loans on UL-DB and UL-CV. A Net Zero-Cost Loan is charged and credited at the same rate for a net zero cost and is generally free from income tax¹. Net Zero-Cost Loans are available on the full loan value of the policy.

Accelerated Benefit Rider–Chronic Illness (ABR-C)

This innovative rider allows your client to receive up to 24% of the death benefit per year for expenses such as nursing home or home healthcare if they become unable to perform two of six activities of daily living (bathing, continence, dressing, eating, toileting, and transferring) or develops a severe cognitive impairment. ABR-C is available with no additional premium².

Accelerated Benefit Rider–Terminal Illness (ABR-T)

This rider allows your client to receive a portion of the death benefit if the base insured becomes terminally ill. ABR-T is available with no additional premium².

¹ Policy loans or withdrawals will reduce the policy’s ultimate cash value. In some situations loans and withdrawals may be subject to federal taxes. Midland National nor its agents give tax or legal advice. Clients should be instructed to consult with and rely on their own tax advisor or attorney for advice on their specific situation.
² There is an administrative fee when the ABR-C or ABR-T benefit is elected.

Century Universal Life-G, UL-CV, and UL-DB are issued form series L131, L136, and L137; Accelerated Benefit Rider-Chronic Illness (ABR-C) and Accelerated Benefit Rider-Terminal Illness (ABR-T) are issued on rider form series TR137A and TR138A respectively, or state variation by Midland National Life Insurance Company, Executive Offices, One Sammons Plaza, Sioux Falls, SD, 57193. Products, features or riders may not be available in all jurisdictions. Limitations or restrictions may apply.