WrapPlan II Flexible Premium Adjustable Life Insurance

What It Is

WrapPlan® II Flexible Premium Adjustable Life Insurance

This universal life insurance plan allows you to purchase life insurance coverage that increases as your term life coverage decreases or terminates. Premiums may be set a level to produce as much as or as little accumulation cash value at age 95 as may be desired. If you have no existing term life insurance, you may apply for a level benefit amount of WrapPlan coverage. The WrapPlan may be continued up to age 95. To apply, you must be age 65 or under, and reside or work in the state of New York. Retirees who are not New York residents may be eligible; contact the Plan Administrator for details.

For more information or to apply, call the Plan Administrator, USI Affinity, toll-free at 866-NYSUTWP (866-697-8897), or please visit USI Affinity.

The WrapPlan® II is a Flexible Premium Adjustable Life Insurance policy underwritten and issued by Transamerica Financial Life Insurance Company and administered by USI Affinity.

The Transamerica Financial Life Insurance Company’s Flexible Premium Adjustable Life Insurance (WrapPlan® II) is a NYSUT Member Benefits Trust (Member Benefits)-endorsed program. Member Benefits has an endorsement arrangement of 6.5% of first-year premium and 0.195% of renewal premium, with a guaranteed annual minimum amount of $100,000 for this program. All such payments to Member Benefits are used solely to defray the costs of administering its various programs and, where appropriate, to enhance them. Member Benefits acts as your advocate; please contact Member Benefits at 800-626-8101 if you experience a problem with any endorsed program.

Agency fee payers to NYSUT are eligible to participate in NYSUT Member Benefits-endorsed programs.