When comparing products that fit your clients' needs, universal life with secondary guarantee and whole life could be two solutions you consider. Let's compare a generic universal life policy against the MetLife Promise Whole Life portfolio.

Universal Life with Secondary Guarantee

Designed to provide a guaranteed death benefit, not emphasize cash value.
Equal premiums purchase more death benefit when compared to a whole life policy.

Versus

MetLife Promise Whole Life Portfolio

MetLife Promise Whole Life Select 10, 20 and 65 offer clients a paid-up policy in 10 years, 20 years or at age 65 - all with a guaranteed death benefit, guaranteed cash value, and enhanced flexibility with the optional Enricher rider. 
Designed to provide guaranteed level premiums, a guaranteed death benefit and guaranteed cash value growth.
Cash value grows tax-deferred, cash can be accessed on a tax-favored basis, and death benefit can be transferred to beneficiaries tax-free.
The potential for even more growth through non-guaranteed dividends.
Competitive income1 during retirement, when properly structured and funded.

See the full comparison of how a generic Universal Life policy with a Secondary Guarantee stacks up against the MetLife Promise Whole Life portfolio.

Contact Steve Gresso at 713.977.0611 or click his name to email requests for quotes and or information.

1 Distributions are generally treated first as tax-free recovery of basis and then as taxable income, assuming the policy is not a Modified Endowment Contract (MEC). However, different rules apply in the first fifteen policy years, when distributions accompanied by benefit reductions may be taxable prior to basis recovery. Non-MEC loans are generally not subject to tax but may be taxable when the policy lapses, is surrendered, exchanged or otherwise terminated. In the case of a MEC, loans and withdrawals are taxable to the extent of policy gain and an additional 10% tax may apply if taken prior to age 59 1/2. Always confirm the status of a particular loan or withdrawal with a qualified tax advisor. Loans and withdrawals will decrease the cash value and death benefit.