How can I avoid my universal life insurance policy becoming a MEC?

Basic Life Insurance Plan. Coverage Amount: Equal to one times your annual salary ($15,000 minimum; $250,000 maximum) Premium: Paid by the state ... For universal life and variable universal life: Policy; John Doe application; Illustration; Illustration Actuary Certification; Actuarial memo. Questions? Call ... Universal life is permanent, flexible insurance coverage. It includes the opportunity to adjust the premium and the death benefit, as well as accumulate cash ... Guaranteed Universal Life Insurance · Allows you to choose at what age your policy will end · Offers little to no cash value opportunities · Premium payments ... What are the advantages of Universal Life Insurance? l. Offers flexible premiums and death benefit amounts. l. Builds cash value at ... Ways to extend the life of your policy. · Increase your payment or add a lump sum. Make sure you have enough funds to not only cover the cost of insurance, but ... Jun 18, 2014 ... Since everyone eventually dies, permanent life insurance must be priced so that there is enough money to pay a death benefit to everyone. As ... Investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by any ... Dec 3, 2021 ... Universal life insurance offers “flexibility" meaning you may have the ability to adjust your premiums and coverage amounts. Eligibility. You are eligible to participate in the universal life insurance program if you are an active employee or faculty, regularly scheduled to work at ...