Mutual Trust Life

The information contained on this page and this website is for AGENT USE ONLY.

 

Quality Participating Whole Life is the backbone of any financial plan, and MTL is the company of choice for BMC! Combining quality, dependability and tradition with ingenuity and modern plan design, MTL is the 'go to' company for most BMC representatives. A particularly appealing offering is their new 'blended' plan, featuring a solid Par Whole Life base and term, EconoMax, envisioned to provide permanent protection at a  premium cost significantly lower than whole life.


We feel that EconoMax answers the age old question, "Do I need Whole Life or Term Insurance?" with the simple answer, BOTH!  Learn about this incredible product online, then call your BMC Marketing Partner for details.


MTL also supports some of the most sophisticated financial planning systems in the industry, so that you not only provide your clients the top products, but receive the top training while doing so.

 

The following information listed for Mutual Trust Life is specific to South Carolina. If you would like this information for other states, please contact Hillary Hatcher.

For contracting questions, please contact Hillary Hatcher.

 
 

 

Covenant II - WL
  • Preferred rates are available at face amounts at or above $100,000.
  • Traditional Whole Life plan guaranteed paid-up at age 90.
  • Covenant II is banded at $25,000, $50,000, $100,000, $250,000 and $500,000.
  • High cash value guarantees.
  • The annual increase in surrender values (non-guaranteed dividends plus cash values) may exceed the annual premium as early as year 4.
  • The combination of a Covenant II policy, an Annual Paid-Up Additions rider, and the Maximum Accumulation Dividend Option can produce a policy with an unmatched combination of values and guarantees. This is done while maintaining the tax advantages of life insurance. This combination is especially effective in higher premium cases such as Deferred Compensation, Split Dollar, and as a supplement to retirement income.
  • $50 Policy Fee.

Riders Available

  • Specialty Products
  • Annual PUA Rider (2001 CSO Table)
  • Single PUA Rider (2001 CSO Table)
  • 7 Year Term Rider
  • 15 Year Term Rider
  • Waiver of Premium - 2 Year Own Occupation
  • Waiver of Premium - 5 Year Own Occupation
  • Guaranteed Purchase Option Rider
  • Children Insurance Rider
  • Accidental Death Benefit
  • Accelerated Death Benefit
  • Applicant Waiver of Premium Benefit

 

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Legacy One- WL
  • Tax-deferred growth
  • Income tax-free death benefit to heirs
  • Withdrawals and loans, if desired, without surrender charges
  • Dividend income, which may be used to buy long-term care, increase life insurance coverage, supplement income, or use in anyway you choose, including a family vacation.
  • Maximum premium: $300,000
  

Riders Available

  • Annual PUA Rider (Excalibur)
  • Single PUA Rider (2001 CSO Table)
  • 7 Year Term Rider
  • 15 Year Term Rider
  • Waiver of Premium - 2 Year Own Occupation
  • Waiver of Premium - 5 Year Own Occupation
  • Guaranteed Purchase Option Rider
  • Children Insurance Rider
  • Accidental Death Benefit
  • Accelerated Death Benefit
  • Applicant Waiver of Premium Benefit

 

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Excalibur - WL
  • The overall product minimum face amount is $100,000.
  • Premiums vary by sex, underwriting class, and age, and are payable to attained age 100.
  • Beneficiary Settlement Options: Life-Life and Period Certain Joint Life-Joint Life Certain Period Interest Only-Period Certain.
  • Special Uses: Can be used to leverage a policyowner's gift-tax annual exclusion and "unified credit exemption" amount to leave a legacy to heirs or provide a gift to an alma mater or a charitable institution.
  • Loan and Interest Rate: The loan interest rate is variable. The maximum rate is the greater of the cash value rate plus 1% or the Moody Corporate Bond Yield Average-Monthly Average Corporates.
 

Riders Available

  • Annual PUA Rider (Excalibur)
  • Single PUA Rider (2001 CSO Table)
  • 7 Year Term Rider
  • 15 Year Term Rider
  • Waiver of Premium - 2 Year Own Occupation
  • Waiver of Premium - 5 Year Own Occupation
  • Guaranteed Purchase Option Rider
  • Children Insurance Rider
  • Accidental Death Benefit
  • Accelerated Death Benefit
  • Applicant Waiver of Premium Benefit

 

For more information:

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Economax - WL
  • Premiums are level and payable to age 100.
  • Preferred rates are available at face amounts at or above $100,000.
  • There are guaranteed and non-guaranteed cash values. Based on 4% and 2001 CSO Tables. Vary by underwriting class, sex, issue age and duration.
  

Riders Available

  • Annual PUA Rider (Excalibur)
  • Single PUA Rider (2001 CSO Table)
  • 7 Year Term Rider
  • 15 Year Term Rider
  • Waiver of Premium - 2 Year Own Occupation
  • Waiver of Premium - 5 Year Own Occupation
  • Guaranteed Purchase Option Rider
  • Children Insurance Rider
  • Accidental Death Benefit
  • Accelerated Death Benefit
  • Applicant Waiver of Premium Benefit

 

For more information:

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Vanguard Silver - UL

  • Three Death Benefit Options: Option A, where the death benefit is the face amount of the policy plus the policy account value; option B, where the death benefit is the face amount of the policy; and option C, where the death benefit is the face amount plus paid premiums (minus withdrawals).

  • Guaranteed interest rate of 3%.

  • No Lapse Provision: There is a guaranteed death benefit for the length of the no-lapse period, provided the minimum monthly premium is paid by the monthly anniversary day.

  • Partial Surrenders: After the first policy anniversary, a portion of the cash surrender value may be surrendered with the following limitations: 1) The remaining policy account value must be at least $1,000; 2) The amount of the partial surrender must be at least $500; 3) A maximum of four; and 4) partial surrenders can be taken in any policy year.

  • Minimum Premium Limits: $25.

  • Maximum Premium Limits: If the insured has chosen the Guideline Premium Test, we will limit the amount of premium paid on a policy to the guideline limit so that it qualifies as life insurance. We will return to the owner amounts received in excess of this amount.

  

 

Riders Available

  • Guaranteed Purchase Option Rider
  • Disability Waiver of Monthly Deductions Rider - UL
  • Accidental Death Benefit Rider - UL

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SelecTerm
  • Guaranteed level premiums for specified periods of 10, 15, 20, and 30 years.
  • Convertible to age 65 without any evidence of insurability to any of MTL Insurance Company's whole life plans.
  • $80 Policy Fee.
 

 

Riders Available

  • Waiver of Premium - 2 Year Own Occupation
  • Waiver of Premium - 5 Year Own Occupation
  • Children Insurance Rider
  • Accelerated Death Benefit

For more information:

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Annuities

 

Immediate Annuity

  • Safety of principal through the strength of MTL Insurance Company.
  • Low minimum premium of $2,000, with no sales charge or administrative fee deducted.
  • Create a stream of income your client cannot outlive.
  • Receive payments that are guaranteed and not subject to market fluctuations.
  • Structure your client's income payments to be received according to their needs.
  • Distribution plans available for your client are; fixed period option, life only, 10 year certain and life, 20 year certain and life, installment refund, joint and survivor, and joint and survivor installment refund. For a complete distribution description, run a quote on our new SPIA calculator.
  • Maximum contribution allowed: $1,000,0000.

 

Riders Available

  • Guaranteed Purchase Option Rider
  • Disability Waiver of Monthly Deductions Rider - UL
  • Accidental Death Benefit Rider - UL

SPIA Product Guide

  

 

IntegrityPlus Flex I & II

  • Guaranteed interest rate.
  • Guaranteed principal.
  • Guaranteed death benefit.
  • Competitive current interest.

 

 

IntegrityPlus Single III & IV

  • Safety of principal through the strength of MTL Insurance Company.
  • Guaranteed interest rate.
  • Competitive current interest rate.
  • Qualified Annuities are used to fund tax qualified retirement plans such as conventional IRAs and qualify for special federal tax treatment ie: premiums may be tax deductible.
  • Guaranteed death benefit.

 

 

 

IntegrityPlus Series Product Guide

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