Benefits and Features

A Brief Summary of the Benefits and Features of WrapPlan®II

  • Guaranteed Interest Rate: The guaranteed minimum tax-deferred interest rate is 4.00% on accumulation account values after mortality charges and expenses.

  • Portability: You can maintain your coverage at the same rates if you leave your job for any reason.

  • Waiver of Monthly Deductions for Total Disability Rider: The monthly deductions will be waived for policy owners who become totally disabled for six consecutive months or longer while covered under this rider. The rider is available to applicants age 55 or younger on the policy effective date. Coverage under this rider terminates at age 60 unless the insured is totally disabled at such time. Rider Form No. FRDWMDNY

  • Accelerated Death Benefit for Terminal Illness Rider: This rider allows the insured member to access up to 50% (up to $100,000) of the life insurance death benefit if diagnosed with a terminal illness, which has a life expectancy of 12 months or less.  Rider Form No. FRABTINY

  • Policy Loans: You may borrow against your certificate's accumulation values which are available at a net interest rate of 2%.

  • Convenient Payment Options: Payroll deduction (where available); pension deduction; automatic checking account withdrawals; credit card; and, direct billing which is available on a quarterly, semi-annual or annual basis.

  • “Free-Look” Period: When you receive your policy, you will have 30 days to review it. If you decide you do not want the coverage, the policy may be canceled and any premiums collected will be refunded in full.


The above list presents a brief description of some of the features and benefits available with
WrapPlan®II. Please consult your certificate and riders for complete details as limitations and exclusions apply.