American National includes some benefits and features with its GUL product and then offers additional riders to enhance the policy depending on the needs of the policy owner.
Late Payment Forgiveness - Premium payments can be made up to one month late without negatively affecting the lapse date. This is different from some companies who penalize you for just a few days late.
Accelerated Benefit Riders - Access a portion of the death benefit while the insured is still living. This requires a qualifying diagnosis of a terminal, chronic, or critical illness. The death benefit will be reduced by the amount distributed early. The maximum death benefit available for acceleration is $2M up to age 65 and $1M over age 65.
Guaranteed Cash-Out Rider - If life changes down the road and you no longer need the insurance coverage, turn in your policy for a portion or all your premiums returned to you. You can exercise this option during a 60-day window following the 15th, 20th, or 25th policy anniversaries.
Premium and Guarantee Flexibility - Policy is dialable for the guarantee age, annual premium, and death benefit.
Customize the ANICO guaranteed universal policy to your need by adding these riders at a cost:
Disability Waiver of Stipulated Premium - If the insured becomes totally disabled for a period of at least 6 months, this rider will waive the monthly premiums. Available on death benefit amounts up to $2,000,000.
Children's Term Rider - Ability to add level term insurance to any children age 15 days to 18 years.