Universal Life Insurance

Balance your family's resources and needs with Colonial's Universal Life Insurance

The risk of premature death is significant. And if that happens, so is the possibility of leaving financial obligations unfulfilled. Consider what would happen to your family's way of life if you or a family member died unexpectedly. How would you or your family pay for medical expenses, car loans, rent or mortgage payments, credit card debts, your children's education - even everyday living expenses like food, clothing, and utility bills?

Colonial's Universal Life Insurance can help balance your resources by working with term or group insurance to offer broad long-term insurance protection. Plus, these special features give you greater flexibility to meet your individual needs:

Policy offers flexibility to increase or decrease the face amount and change premium payments.
Policy is yours for as long as you choose - even if you change jobs or retire. Only your payment method will change.
Premiums will not increase because you get older.
Premiums build cash value.
Family coverage and additional rider benefits are also available.

The policy fund value earns interest at current interest rates which are subject to change. This can affect the performance of your policy. Low interest rates for a long period of time may require more premium to carry the policy to maturity.

TWO WAYS TO ADD COVERAGE FOR YOUR SPOUSE AND CHILDREN:

YOUR SPOUSE

Universal Life Policy: Give your spouse a universal life insurance policy of his or her own with the same flexible benefits available to you - whether or not you buy a policy for yourself.
Spouse Term Rider: Add level term insurance for you spouse when you purchase your policy.

YOUR CHILDREN

Universal Life Policy for Each Child:
- Life insurance protection at low rates because of issue age.
- Continuing coverage, even if health problems develop.
- A cash value fund that will grow throughout the years.
- Available whether or not you buy a policy for yourself.
- Opportunity to increase coverage at ages 18, 21, and 24 without evidence of insurability.
Children's Term Rider: Cover all your children for one low premium when you purchase your policy.

ADDITIONAL BENEFIT RIDERS

Create a plan that meets your individual needs by adding one or more of these riders to your universal life coverage:

Accelerated Death Benefit Rider

Gives you the option to receive up to 60 percent of your death benefit if you are diagnosed with a terminal illness.
Automatically available if your policy has a death benefit of $10,000 or more.
No additional premium cost - a fee is charged only if you use the benefit.

Accidental Death Benefit

Pays an additional benefit if you die as a result of an accident before age 70.
Benefit doubles if death occurs while you are a fare-paying passenger on a public conveyance such as a subway or city bus.

Additional Coverage Term Rider

Additional 20-year level term coverage for you and/or your spouse.
Can convert to increased coverage under your existing universal life plan or new universal life or permanent plan without evidence of insurability.
Premiums remain level for the duration of the rider.

Guaranteed Purchase Option

Increase your life coverage without providing evidence of insurability.
Increase your coverage at the second, fifth and eighth policy years or when specified life events occur.
Premium determined by your current age and amount of insurance you choose.
A great way to fight inflation and protect your insurability.

Waiver of Monthly Deduction

Waives all monthly deductions (cost of insurance for your policy and any riders) if you become totally and permanently disabled before age 65.
Premiums waived by this provision don't have to be repaid.
Your policy's cash value remains intact and continues earning interest.

See your Colonial Representative for individual rates as well as additional information for your state.

Exclusions and Limitations

If the insured commits suicide within two years from the issue date, whether he is sane or insane, we will not pay the death benefit. We will terminate this policy and return the premiums paid minus any loans, loan interest and surrenders to you. We will not pay any increases in death benefits if the insured commits suicide whether he is sane or insane, within two years from the effective date of the increase. Our only obligation will be to refund the cost of insurance paid for the increase in the event of suicide.

You will receive a policy summary or illustration (whichever is applicable in your state) when your policy is issued.

This policy has exclusions, reductions of benefits and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage call or write your insurance agent or the company, whichever is applicable.

Juvenile Universal Life Insurance

Build a Strong Foundation For Your Child's Future

Your time to protect your children is all too short. One day they're wobbling around on training wheels and the next they're asking for the keys to the car. You want to give them a strong foundation to build on when they go out on their own. A life insurance program for your children is a gift that can last a lifetime.

Low Premiums

We know that life insurance becomes more expensive as we get older. When you purchase a Colonial Universal Life Insurance policy for your child, you purchase coverage at the low rates available for children - rates that don't increase because they get older.

Insurability for Life

Your child may be in perfect health now, but you never know when health problems may occur that could prevent your child from qualifying for additional coverage. Once issued, your child owns his or her policy regardless of health conditions, as long as premiums are paid.

Cash Accumulation

As your children grow, so does the cash value in their policies. The cash value earns a current interest rate guaranteed never to drop below 4 percent.*

More Big Rewards

Flexibility. As children grow, their needs naturally change. This policy can change, too. Based on their needs, policyowners can change their premium payment amounts and their death benefit amounts, subject to IRS and underwriting guidelines. For example, a child who grows up and becomes a parent can increase the death benefit to provide more protection for his or her family. Flexibility also includes tax-free policy loans.

Individually Owned. When your children are old enough, they can assume full ownership of their policies. They can carry this coverage with them wherever they go in life.

Death Benefit Options. Colonial's Universal Life Insurance plan offers two death benefit options.

OPTION A: establishes a basic program of life insurance protection that your child can carry into adulthood. The cash value builds at current competitive rates.
OPTION B: features life insurance benefits that increase over time with the increase in cash value. For example, when your child reaches age 45, the policy has accumulated substantial death and cash value benefits.

Guaranteed Purchase Option. If your child is between the ages of 0 and 17 when you purchase his or her policy, you can take advantage of the built-in guaranteed purchase option feature. You can increase your child's coverage at ages 18, 21 and 24 without providing evidence of insurability. Your dependent children between the ages of 18 and 23, if full-time students, will get the same flexible policy that you would get.

Exclusions and Limitations

If the insured commits suicide within two years from the issue date, whether he is sane or insane, we will not pay the death benefit. We will terminate this policy and return the premiums paid minus any loans, loan interest, and surrenders to you. We will not pay any increases in death benefits if the insured commits suicide, whether he is sane or insane, within two years from the effective date of the increase. Our only obligation will be to refund the cost of insurance paid for the increase in the event of suicide.

This policy has exclusions, reductions of benefits and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, call or write your insurance agent or the company, whichever is applicable.

You will receive a policy summary or illustration when your policy is issued.

_{*The policy fund value earns interest at current interest rates which are subject to change, This can affect the performance of your policy. Low interest rates for a log period of time may require more premium to carry the policy to maturity.}

CP97J-Juvenile Plan
$25,000 Face Amount - Option A Guaranteed Interest Rate 4.0%

		Cash Value			Death Benefit
Age	Weekly Target Premium	Age 18	Age 45	Age 65	Age 45	Age 65
0	$2.00	$1,126	$4,751	$8,282	$25,000	$25,000
1	2.00	1,112	4,709	8,171	25,000	25,000
2	2.00	1,026	4,450	7,496	25,000	25,000
3	2.00	942	4,194	6,829	25,000	25,000
4	2.25	1,092	5,262	10,039	25,000	25,000
5	2.25	990	4,954	9,236	25,000	25,000
6	2.25	891	4,654	8,454	25,000	25,000
7	2.25	794	4,361	7,690	25,000	25,000
8	2.50	852	5,149	10,167	25,000	25,000
9	2.50	708	4,815	9,298	25,000	25,000
10	2.50	582	4,493	8,458	25,000	25,000
11	2.50	456	4,184	7,654	25,000	25,000
12	2.50	305	3,893	6,896	25,000	25,000
13	2.75	219	4,443	8,754	25,000	25,000
14	2.75	68	4,150	7,989	25,000	25,000
15	2.82	0	4,086	7,941	25,000	25,000
16	2.95	0	4,183	8,417	25,000	25,000
17	2.99	0	4,025	8,071	25,000	25,000

CP97J-Juvenile Plan
$25,000 Face Amount - OptionB Guaranteed Interest Rate 4.0%

		Cash Value			Death Benefit
Age	Weekly Target Premium	Age 18	Age 45	Age 65	Age 45	Age 65
0	$4.41	$4,228	$19,207	$41,950	$44,207	$66,950
1	4.51	4,102	19,093	41,859	44,093	66,859
2	4.65	3,935	18,944	41,742	43,944	66,742
3	4.80	3,762	18,799	41,650	43,799	66,650
4	4.95	3,575	18,619	41,481	43,619	66,481
5	5.12	3,387	18,467	41,396	43,467	66,396
6	5.28	3,182	18,269	41,210	43,269	66,210
7	5.46	2,973	18,095	41,099	43,095	66,099
8	5.65	2,753	17,904	40,960	42,904	65,960
9	5.84	2,487	17,693	40,790	42,693	65,790
10	6.04	2,225	17,467	40,595	42,467	65,595
11	6.25	1,949	17,238	40,409	42,238	65,409
12	6.47	1,632	17,008	40,234	42,008	65,234
13	6.70	1,297	16,777	40,073	41,777	65,073
14	6.93	963	16,515	39,844	41,515	64,844
15	7.18	644	16,271	39,680	41,271	64,680
16	7.43	277	16,005	39,471	41,005	64,471
17	7.68	0	15,719	39,227	40,719	64,227

Copyright © 2007 Pierce Group Benefits, LLC. All Right Reserved.
This website highlights the voluntary benefits offered through your employer for the current plan year. This is neither an insurance contract nor a Summary Plan Description and only the actual policy provisions will prevail. All information in this booklet including premiums quoted is subject to change. All policy descriptions are for information purposes only. Your actual policies may be different than those in this booklet. Please meet with your Colonial Representative during the Open Enrollment Period to verify the information contained within this booklet as well as your own policy information.