Universal VIA: Surrender charges for 9 years for withdrawals in excess of the penalty free amount:
*All guarantees and benefits are based on claims paying ability of Universal Life Insurance Company, not insured by FDIC or any federal agency. May lose value. Not a deposit or guaranteed by any bank. Consult your financial advisor before investing. Please read carefully the annuity and portfolio prospectus, product brochure or contract and consider your investment objectives, risks, benefits, charges and expenses before investing.1 Additional contributions will be subject to a new surrender charge schedule (apply only to regular Universal VIA). Universal Life Insurance Company annuities are only available to residents of Puerto Rico. Variable annuities are long term investment vehicles designed for retirement purposes.
2Withdrawals in excess of penalty free amounts may reduce contract value, death benefit or any other benefit and maybe subject to decreasing surrender schedule. Universal VIA is offered through a separate account of Universal Life Insurance Company. For IRA contracts, withdrawals prior to age 60 may be subject to a 10% early withdrawal penalty by Puerto Rico Treasury Department. Investing in an IRA using an annuity will have no additional tax benefits.
Morningstar® Inc serves as portfolio construction manager to Universal VIA and is not affiliated with Universal Life Insurance Company. Diversification does not guarantee or insures profit or protect against loss. Mortality & Expense Risk and Administrative fee for Universal VIA is 1.40% and 1.95% for Universal VIA Select. Current operational and fund expenses range from 0.83% to 1.90%. Maintenance fee at each Contract Anniversary of $50 (waived if contract value exceeds $100,000). For variable annuities there is an additional Puerto Rico tax equal to 0.10% payable to the Puerto Rico Treasury Department. All Universal VIA expenses are annualized except the VIA Principal Protection Rider3 with an annual charge of 1.35% of the Guaranteed Future Value and the VIA Income for Life Rider4 with an annual charge of 1.10% of the Guaranteed Value.
For prospectus and product brochure contact Universal Life (787) 706-7095 or P.O Box 2145 San Juan, P.R 00922-2145.
Universal VIA and Universal VIA Select are issued by Universal Life Insurance Company. General distributor is Universal Financial Services, member FINRA.