What it can do for you

Aviva universal life insurance can help you accomplish many financial goals.

You're in control

As your needs change, your policy can change, too. With Aviva universal life, you can change the death benefit, increase or decrease your premiums, and add options or riders to fit your needs.

Transfer your wealth

Aviva universal life can help you leave a legacy to pass on to your heirs by giving them as much of your estate as possible, while making sure your tax and other obligations are satisfied.

Build your savings

Universal life insurance provides a tax-deferred way of accumulating a cash value at interest rates that are often better then CDs or savings accounts.

Access your funds

Speeds up the time in which benefits are paid should you become terminally ill. A portion of the policy proceeds normally paid at death is paid to you while you are living provided your life expectancy is 12 months or less.

Waiver Premium Rider

You can make withdrawals or borrow against, the cash value in your policy. Your Aviva universal life policy can also be used as collateral for securing an outside loan. This let's you tap the equity in your policy for a variety of needs: education, retirement and emergencies

Protect your family

The death benefit gives you peace of mind in knowing that your loved ones will be covered financially should you die. And the value of the death benefit can grow with your family and with your needs.

When you might need it

Like term life, Aviva universal life insurance has a death benefit paid to your loved ones upon your death. But it also has many living benefits that you can use and depend on throughout your entire life, hence the name: universal life. It adds predictability to your life. And most people could use some of that.

Universal Life Insurance

Compare policies

This is a summary. Terms and conditions may vary by state. For details and to find out what's right for you, contact your local Aviva agent.

	Aviva LifeStage UL	Guarantee UL Solution
Issue Age	0-85	0-85
Minimum face value	$25,000 ages 0-17 $50,000 ages 18+	$25,000 ages 0-17 $50,000 ages 18+
Loans	Preferred available	Yes
Free withdrawals starting year 2	Yes, 20%	Not applicable
Guaranteed interest rate	3.5%	3%
No-lapse guarantee	Not applicable	Built in
Premiums	Lifetime adjustable	Lifetime adjustable
Riders Available	Yes + Wellness for Life	Yes + Wellness for Life
Underwriting	Preferred, Preferred Plus & Premier available	Preferred and Premier available
Period of surrender charge	19 years	15 years
Summary	Good for cash accumulation	Good for low-cost death benefit

How universal life works for you

There are two basic types of Aviva universal life insurance policies: the single premium policy and a traditional yearly premium policy. The biggest difference between the two is in how you fund them. Otherwise both types of universal life policies give you many of same benefits with a few other differences.

The single premium

An Aviva single premium policy simply means that your premium or payment is in one lump sum. It's designed for older people who may have a lump sum of money and don't currently need it for income but may need access to it in the future.

How much you pay

A lump sum minimum of $10,000 can be transferred from a bank savings account, a bank certificate of deposit (CD), an IRA and many other places including an annuity.

A few key features

• Tax-free death benefit
• Guaranteed minimum interest rate
• Efficient transfer to heirs
• No medical exams needed
• Benefits for nursing home and terminal illness
• Income stream with withdrawals starting in year 2

The flexible premium

A traditional Aviva universal life policy is generally purchased in yearly or monthly premium payments. This flexible premium policy from Aviva is ideal for a person of any age who would like to build the value of the policy over a long period of time.

How much you pay

The important thing to remember is that you decide how much your premium is, and you can change that throughout the life of the policy. The death benefit and interest credited to your policy is then determined by your premium amount, your age, and any riders you've chosen for customizing your policy. Your health is also a factor, as you'll need to take a physical exam. Your health can also work in your favor; the Wellness for Life rider can lower your cost of insurance if you stay healthy.

A few key features

• Tax-free death benefit
• Free withdrawals up to 20%
• Efficient transfer to heirs
• Guaranteed minimum interest rate
• Flexibility of customizing coverage and premium payments

How much insurance do you need

This can be answered by working with a local Aviva agent to understand your circumstances and your priorities. You'll want to consider what the beneficiary of your life insurance policy may need to cover: mortgage, credit card debt, consumer loans, childcare, college education for dependents and funeral costs. Also consider the replacement of your income if others depend on it and for how long it would need to be replaced.

Your beneficiary

The beneficiary is the person or persons who receive the benefits (the value) of the insurance policy upon your death. You will name those persons when you purchase the policy, and you can change or add them as needed.

Wellness for Life Rider

Provides a reward for living a healthy lifestyle with a discount on your premiums for those who qualify. You also receive a health-risk assessment as well as exclusive access to Mayo Clinic Health Services, including their 24-hour nurse line.

Accelerated Access Rider

Allows you to accelerate a portion of your life insurance death benefit in the event you are diagnosed with a chronic illness that meets certain eligibility requirements. This rider has no cost until benefits are received.

No Lapse Guarantee Rider**

Guarantees a death benefit for life so you're covered even if your premium payments lapse or fail to be current. You can also decide the length of your guaranteed period and your premium payment period.

Life Protector Rider***

Allows for all of your premiums to be considered paid, making it a "paid-up policy." No further premiums would be due when certain policy conditions are met. It also prevents your policy from lapsing (being discontinued) as a result of taking out a loan against the value of the policy.

Primary Insured Rider

Ensures a fixed premium amount that won't change during the life of your insurance policy.

Additional Insured

Provides death benefit coverage on the lives of up to three family members. This premium is also a fixed amount.

Children's Insurance

Lets you extend a death benefit to your child's life up to age 25 with a fixed premium amount.

Early Cash Value Rider

Designed for businesses, this provides a higher cash value in the early years of a policy. Should you decide to terminate (surrender) the policy, surrender charges are waived and the first year's premium is refunded.

Accidental Death Benefit

Adds coverage should you as the insured die from an accident.

Accelerated Death Benefit Rider

Speeds up the time in which benefits are paid should you become terminally ill. A portion of the policy proceeds normally paid at death is paid to you while you are living provided your life expectancy is 12 months or less.

Return of Premium Rider*

If a death benefit has not been paid on a life insurance policy, this rider will return your premiums, less any withdrawals, to you including accumulated interest. A fixed interest growth rate, from 0 to 6 percent, can be selected.

Waiver of Monthly Deductions Rider

All monthly deductions (for base policy, riders and policy charges) are waived should you become totally disabled for at least 6 months. If you become totally disabled before age 65, a lifetime benefit is payable.

Waiver of Premium Rider

The monthly premium specified under the rider is credited to the policy if you become totally disabled for at least 6 months. If you become totally disabled before age 65, a lifetime benefit is payable.

More riders available

Estate Protection Rider
Joint Term Rider
Waiver of Premium Plus
Policy Split Option
Waiver of Surrender Charge Due to Confinement Rider
Guaranteed Purchase Option Rider

How Mary Jean could use universal life*

This is Mary Jean, a vibrant 75-year-old grandmother of four. She loves to play with her grandkids, goes dancing, and attend social events. She leads a very healthy lifestyle by watching what she eats and exercising.

Mary Jean's opportunity

She has $50,000 in a bank certificate of deposit, a CD. She has concluded that she will not need it during her lifetime. Mary Jean has earmarked that money to help her grandchildren with their higher education. Here is an alternative available to Mary Jean that might be better then leaving the money in the CD?

One possible option

She could use the money from the $50,000 CD to purchase an Aviva single premium indexed universal policy. Immediately, Mary Jean could get a minimum guaranteed death benefit of $76,923 that's payable to her beneficiaries' income tax-free. If she names her four grandchildren as equal beneficiaries, each grandchild would then receive a minimum guaranteed death benefit of $19,230. This is assuming that Mary Jean did not take any loans, withdrawals or make other changes to the policy.

How long would it take to grow a $50,000 CD to $76,923 assuming that taxes are paid on the interest earned each year? Using a 3% interest rate and an income tax bracket of 25%, it would take over 19 years!

The benefits

An Aviva single premium indexed universal life policy guarantees a death benefit immediately while the cash value inside the policy grows tax deferred over time. The insurance policy has early surrender penalties but also offers income flexibility through penalty-free withdrawals and tax-free loans. If Mary Jean had an emergency and needed to take a loan from the cash value it would not be reported as taxable income as long as the policy stays inforce.

How you could use universal life

Mary Jean's situation is just one example of how you could increase the value of your savings and leave more to the next generation in your family—all with the Aviva single premium indexed universal life insurance policy. A local professional Aviva agent can help you identify ways to make Aviva's permanent indexed universal life insurance work for you.

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