GVUL Differences

Based on the current rates and assumptions below, the amount of taxable income is less under GVUL as illustrated in the Taxable Income Difference column in the chart below. See Sample for more information.

Sample:
Issue Age as of January 1, 2024 = 46
Basic Coverage Amount = $1,046,000
Income = $181,000

Group Term Life Insurance
Estimated Taxable Income = $1,882.80
Adjusted Income = $182,882.80

GVUL
Estimated Taxable Income = $815.88
Adjusted Income = $181,815.88