The Universal Life Plan combines basic insurance protection with an underlying guaranteed interest rate. It can be used for many purposes, including:
- Family protection
- Retirement planning
- College funding
- Planning for business succession
Pan-American Life Insurance Company offers many flexible Universal Life products that meet a variety of goals and circumstances. Flexibility is offered through various options.
Product Highlights
- Extended mortality beyond age 100
- Contractually guaranteed wash loans
- Guaranteed reduced paid up
Tax Advantaged Product Uses
- Deductible Salary Continuation -- providing non-qualified salary continuation with tax deduction.
- Reverse Split Dollar -- moving retained earnings out of "C" Corp with no additional tax liability.
- 1035 Loan Rescue -- eliminating policy loans with no adverse tax consequences. See your tax advisor.
- Social Security income replacement
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