Reserve Life - Life Insurance
Western Reserve Life
billion of life insurance in force (as of 12/31/00)
member of the AEGON Insurance Group
over 40 years, Western Reserve Life Assurance Co. of Ohio
has been helping Americans achieve their dreams of financial
security. Today, Western Reserve Life continue that tradition
with the Freedom family of variable annuities and variable
universal life insurance products. Here are some fast facts
about Western Reserve Life, but to really learn more, lets
take a look back at how it all began.
Western Reserve Life History
40 Years of Performance
Western Reserve Life's humble beginnings in Cleveland to their
spectacular growth across the nation, Western Reserve Life
has a wonderful history of people, products, and performance.
Come read the story of the Western Reserve Life company.
strength and claims paying ability ratings are important.
They are evaluations of the likelihood that an insurer will
be able to provide benefits as promised. Western Reserve Life
has, yet again, received excellent ratings. To learn more
about these ratings, visit their web site.
Reserve Life and IMSA
Insurance Marketplace Standards Association (IMSA) is a voluntary
membership organization whose purpose is to promote high ethical
standards in the sale of individual life insurance and annuities.
Western Reserve Life became a member of IMSA in April of 1998
after undergoing stringent internal and independent assessments.
Naturally, Western Reserve Life are quite proud of this designation.
Reserve Life has a proud history of innovative products and
performance, outstanding ratings, and high ethical standards.
Western Reserve Life are committed to continuing those traditions
into the next millennium. If youd like to learn more
about what Western Reserve Life have to offer, please visit
the Products area on their web site. Thanks for your interest
in Western Reserve Life.
WRL Variable Universal Life Insurance
of the people and things that matter most to you. Your family.
Your home. Your business. What will happen to them if you
die? Unfortunately, many people are not adequately prepared
should a tragedy strike.
Universal Life insurance (VUL) can protect the important things
in your life. Western Reserve Lifes variable universal
life insurance products offer:
insurance coverage for a lifetime
to cash value
premium payment options
professionally managed investment portfolios to provide
and control over the allocation of your net premiums
riders to suit your individual insurance needs
10 day free look
Insurance Coverage for a Lifetime
You have hopes and dreams for the future. You may want to
send your children to college. Or maybe youd like to
secure your business future. Perhaps you simply want
to protect your familys lifestyle. Life insurance offers
a death benefit to help assure that those dreams come true
- even if youre not around. Furthermore, you are covered
by this death benefit for your entire lifetime, provided that
scheduled premiums payments are made. Joint survivorship policies
offer life insurance protection throughout both spouses
to Cash Value
Life insurance offers many advantageous features besides the
death benefit. Another useful feature is the policy owners
ability to access the life insurance policys net surrender
value through tax-free loans or withdrawals. This means that,
as a policy owner, you can supplement your retirement income,
pay for an unplanned expense, or even take a vacation
up to you. Of course, both loans and withdrawals will reduce
the cash value and death benefit and loans are subject to
interest charges. If a policy lapses while a loan is outstanding,
adverse tax consequences may result.
Premium Payment Options
WRLs variable universal life insurance products offer
exceptional premium-payment options. Payments can be increased
or decreased. They can be made more or less frequently. And,
payments can even be skipped or stopped altogether if policy
values remain at sufficient levels. The policy wont
lapse as long as the net surrender value is high enough to
keep the policy in force.
Because of the good life insurance does for society, life
insurance has been granted certain tax advantages over other
Taxes can dramatically reduce the amount of money left to
your estate. Life insurance offers the advantage of allowing
the death benefit to pass to your beneficiary(ies) income-tax
Taxes are inevitable on most investments. However, it is possible
and profitable to delay (defer) the taxes which might occur.
Life insurance allows any growth
earnings and earnings
to accumulate without taxes becoming due
during the year the growth occurs. If a gain is present, taxes
become due at policy surrender or lapse and when certain distributions
No taxes are due when you take out a policy loan. This allows
you to take full advantage of your policys growth without
Subject to certain limits, tax-free cash distributions can
Values can be moved tax free among Sub-Accounts as often as
the policy owner likes. Transfers to and from the Fixed Account
are limited, but tax free.
Western Reserve Lifes VUL products offer policy owners
the opportunity to grow their cash value by investing in any
combination of the 23 Sub-Accounts of the WRL Series Fund,
Inc. Each Sub-Account is managed by an investment professional,
the Portfolio Manager, who has been selected to pursue a specific
financial objective based on his or her professional investing
Sub-Accounts within the WRL Series Fund, Inc. cover the investment
spectrum, ranging from aggressive growth to capital preservation.
This diversity of investment options provide WRL policy owners
the opportunity to participate in many markets
growth potential of foreign equities to the relative safety
of Treasuries. See the Investment Options section on the Western
Reserve Life's web site for Sub-Account descriptions. Sub-Account
values will fluctuate with market conditions and may be worth
more or less than their original cost when redeemed.
Strategies-Flexibility and Control
Control over your investments can create an opportunity to
build substantial cash value.
WRL products provide you the flexibility to direct a portion
of your premiums to Sub-Accounts that are suitable for your
investment goal. And, if your investment objective changes,
you can make changes in your investing activities. Transfers
among Sub-Accounts or to the Fixed Account are limited, but
Asset rebalancing is the periodic act of changing your current
investment mix to bring it back in line with your original
asset allocation plan. You see, the cash value among your
Sub-Accounts can fluctuate and grow at different rates of
return. Over time, this could cause the percentages of your
Sub-Account values to stray from your intended preferences.
Asset rebalancing is an effective tool to help you maintain
your desired Sub-Account allocations; however, this investment
strategy does not guarantee gains or protect against losses.
Dollar cost averaging is an investment strategy designed to
reduce the average purchase price of Sub-Account units. The
strategy works by spreading the allocation of your premiums
into your Sub-Accounts over a period of time, thereby reducing
your risk of investing most of your premiums at a point in
time when Sub-Account prices are high. There is no guarantee,
however, that dollar cost averaging will result in profit
or protect against loss. You should consider your ability
to continue the program through periods of low price levels.
Riders to Suit Your Individual Insurance Needs
Every individual has unique insurance needs. Western Reserve
Life offers their policy owners the option to add riders to
a life insurance policy in order to suit those needs. Please
discuss your unique financial situation with your financial
advisor. Together, you can review your insurance needs and
determine which WRL product and rider(s) may be appropriate
for you. Riders and benefits have specific limitations and
may not be available in all states. Please consult your financial
advisor for details.
Day Free Look
Life insurance policy owners are given a 10 day free look
to make sure that the policy purchased is the right one for
them. This means that if you are not completely satisfied
with your policy, for whatever reason, you may cancel within
10 days* and receive a refund of the value of your account
or, in some states, your total premiums.
P.O. Box 5068,