Equity Advantage VUL Tax Advantages
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L-98 Whole Life
Equity Advantage VUL
Guarantee Advantage UL
Cash Value Accumulation
Equity Advantage VUL Key Features
Equity Advantage VUL Tax Advantages
Administrative Charges
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Equity Advantage VUL Performance Information

Equity Advantage VUL offers you the following significant tax advantages1 under current rules:

  • Death Benefits are generally received free of federal and state income taxes by the beneficiaries.
  • Death Benefits may avoid estate taxation if someone owns the policy other than the insured (for at least three years prior to the insured's death).
  • Cash Values grow tax-deferred as long as they remain inside the policy.
  • Withdrawals (equal to or less than cumulative premiums paid) are generally not taxable as long as the policy is not a Modified Endowment Contract (MEC)2
  • Policy Loans (as long as the policy is not a MEC) are tax deferred until the policy lapses or is surrendered. Upon the death of the insured, an outstanding loan is deducted from the proceeds.
  • Transfers among the various investment options are tax free and will not incur a policy fee3.

1 Neither MetLife nor its representatives or agents are permitted to give legal or tax advice. Any discussion of legal or tax issues is for general informational purposes only and does not purport to either be complete or cover every situation. Current tax law is subject to interpretation and legislative change. Tax results vary depending on facts and circumstances. You should consult with and rely on your own legal and tax advisors.

2 A policy becomes a MEC when the amount of premiums paid in to the policy exceeds certain tax law limits.

3 MetLife reserves the right to charge for transfers that occur in the future.

Like most insurance policies, Equity Advantage VUL contains exclusions, limitations, and reductions of benefits and terms for keeping them in force.  For complete costs and details, see your MetLife Financial Services representative.

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