Term Plus Universal Life Plan Features
 Options to meet your changing needs
The "Plus" in Term Plus® Universal Life Plan can provide real financial performance with convenient options:
Tax-deferred earnings:
Money that accumulates in your Policy Value Account can grow faster than in many other savings vehicles (such as bank CDs and money market funds) because interest earnings are not reduced by annual taxes. Don't forget that, for example, if your Policy Value Account is paying 4%, at a federal income tax rate of, say, 30%, your tax-equivalent yield would be 5.71%.
4% guaranteed rate of return:
While the actual amount of interest earned on your Policy Value Account is based on the Consumer Price Index at the time of deposit, you are guaranteed a minimum rate of 4% for all your ADA Term Plus Universal Life deposits. Compared to other savings options such as CDs or money market accounts, a 4% return can be very competitive. Your interest compounds daily for maximum growth.
Convertibility:
Easily convert existing Term Life into Term Plus Universal Life.
Flexibility:
You decide how often you make deposits into your account and how much you deposit, and you can determine whether or not to lock in interest rates for 1, 3, or 5 years.
Coverage Lock-In
The plan features that you select when you purchase Term Plus coverage with ADA Insurance Plans are in place for the life of your coverage. Read more about ADA Insurance Plans Coverage Lock-in.*
* Mandatory changes because of changing regulatory or legal requirements in the future may be made
as required by Illinois law. Otherwise, for any new coverage starting after November 1, 2009 and
for any existing coverage with features already in effect on November 1, 2009, coverage
features will not be amended by Great-West Life or the ADA once coverage commences as long as you
do not allow your coverage to lapse. Coverage features may not be available on reinstatement. Rates are subject to change.
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