Term Plus® Universal Life provides you with flexibility in coverage while building tax-deferred cash value.
You get a lot more than just life insurance with ADA-Sponsored Term Plus Universal Life Insurance.
On top of everything that’s built into the ADA Term Life Insurance Plan, you also get
a special Policy Value Account that lets you save on a tax-deferred basis.1
You can build a bigger nest egg and get outstanding term life insurance protection all the way to age 90 in one step.
The Term Plus Universal Life coverage is available at the same low cost as ADA Term Life,2
and whatever extra you decide to deposit into your Policy Value Account (within certain limits).
Up to $3,000,000 in coverage
Earn 2.55% on your Policy Value Account throughout
Guaranteed minimum tax-deferred1 interest of 2.5%4
Ability to deposit and withdraw funds at any time
Full coverage to age 90
Apply for Term Plus Universal Life Insurance for Dentists.
1 Under current tax law
2 For certificates issued after January 1, 2009, renewal rates might be slightly lower than Term Life rates after age 70.
3 Interest rate is locked-in for the calendar year and subject to change each January 1st thereafter
4 Term Plus Universal Life certificate holders prior to November 1, 2011 receive a separate guaranteed
minimum interest rate. However, the multiple year interest rate lock-in feature previously available has been discontinued.
Term Plus® is a registered trademark of Great-West Life & Annuity Insurance Company and Great-West Life Assurance Company.
Your premium is made up of two parts - cost of insurance and a recommended deposit for your Policy Value Account.
Cost of insurance:
The same low rate as the ADA
Term Life Insurance Plan which takes into account your age, coverage amount, elected options,
Premium Credit discounts and any volume discount available for coverage amounts in excess of $500,000.*
In addition to these discounts, you may also qualify for our Preferred rates.
Recommended Deposit Amount:
In addition to your cost of insurance, you choose the additional amount to deposit into your Policy Value Account.
Based on your life insurance needs and savings goals, we will recommend a periodic deposit amount for your Policy Value
Account. You always have flexibility to alter your contributions by amount or frequency if needed, within certain limits.
Even if you decide someday that you no longer need the insurance, you can surrender it and receive 100% of the current net
value of your account.
To learn more about the Term Plus Universal Life rates, download the
Term Plus rate chart for males (pdf) here and the
Term Plus rate chart for females (pdf) here.
For certificates issued after January 1, 2009, renewal rates might be slightly lower than Term Life rates after age 70.
* A volume discount of 5%, 7%, or 9% will apply when Member life insurance is $500,000 or greater.
While Term Plus® Universal Life protects your family, it also helps your money work harder for you. Here’s how it works:
100% of your deposits are placed in your personal Policy Value Account.
The cost of your life insurance, any applicable loan interest,and a small administrative fee are deducted monthly
from your Account, and the balance earns interest on a tax deferred basis.1
The declared interest rate for 2020
is 2.55%, compounded daily.*
The guaranteed minimum interest rate in any given year is 2.5%.**
Money that accumulates in this Account can grow faster than in many other savings vehicles (such as bank CDs and
money market funds) because the interest is not taxable each year as it is earned.
Deposit extra funds, like your annual tax refund, to help your Account balance grow even faster. Your ADA-Sponsored
Insurance Plan Specialist can help you design a schedule that doesn’t exceed the limits prescribed by current tax laws.
An automatically increasing death benefit
Your total death benefit can increase automatically as your savings grow, and it is equal to the total of
your insured amount plus your account balance.
1 Under current tax law
* Interest rate is locked-in for the calendar year and subject to change each January 1st thereafter
** Term Plus Universal Life certificate holders prior to November 1, 2011 receive a separate guaranteed minimum interest rate.
However, the multiple year interest rate lock-in feature previously available has been discontinued.