Universal Life DuaLife Policy

NMB's DuaLife policy is a Universal Life plan that pays a death benefit upon the first death of the two joint policy holders. The minimum issue age for either insured is 21 and the maximum issue age for either insured is 70.

Family Income Protection - With over 60% of households dependent on more than one income to provide for all of a family's needs, NMB's Joint DuaLife Policy is the first choice for many.

Mortgage Protection - NMB's Joint DuaLife policy is a low-cost approach to providing mortgage life insurance coverage on two lives with just a single policy. DuaLife was designed for those who need mortgage protection at the first death, to pay off a mortgage debt and for cash value buildup which can be used for early mortgage payoff.

Adjustable Death Benefits - Select a level death benefit which favors cash accumulation or choose an increasing death benefit which favors insurance protection.

Flexible Premiums - Minimum premiums are required for the first five years. After this period premium amounts and payment schedules can be changed. As long as there is enough surrender value in the policy to pay the cost of insurance and service charges, the policy remains in effect.

Current Rates

• Current New Policy Rate = 6% (a)


• Guaranteed Minimum Renewal Rate = 4.00%

(a) Effective annual interest rate. Current rate is subject to change without notice.

DuaLife Riders

For more information contact or find your local sales office.