Core Solutions
EUL & E10
Insured by Protective Life, Executive UL (EUL) and Executive 10-Year Term (E10) are employer paid life insurance programs on the lives of a distinct group of highly compensated employees without exception, delivered by the issuance of individual life insurance policies, underwritten on a guarantee issue type basis.
Why choose EUL vs E10?
While both plans have a similar plan design, there are key differences that set the plans apart. D&E can help determine which plan is the best fit for you or your Client Firms.
Program Attributes
EUL & E10
-
- Employer Paid: Not a voluntary plan
- Guarantee Issue Type Underwriting:
Two eligibility questions Ages 18-70; Ages 71-79 (EUL only) additional Part 2 Non-Med Form - Portable: Employees can retain coverage with no changes to benefit amount or pricing
- All Administration & Ongoing Support provided by D&E including easy online enrollment
- Employee Eligibility: White-collar employees earning $100,000+
- Required Insured Lives: 15+
- Death Benefit Range: $100,000 – $5,000,000+
- Death Benefit Formula:
- 15-49 Lives: $50K per life
(e.g., 20 lives = $1,000,000)
Prescription Pre-Check required - 50+ Lives: $60K per life (e.g., 80 lives = $4,800,000) No Prescription Pre-Check required
- 15-49 Lives: $50K per life
Key Differences – EUL
- Minimum Increasing Premium: (COIs only) Premium rate schedule guaranteed for first 5 years of policy term
- Pricing: Depending upon demographics, generally 18% – 25% lower than competitor plans each year
- Policy Type: Individual Universal Life
-
Extendcare rider (ECR)
- No other individual carve-out plan has this benefit.
- This rider allows the Owner/Insured to accelerate the death benefit for the loss of two (2) Activities of Daily Living or Severe Cognitive Impairment.
- The Client Employer makes the choice to include ECR for all eligible employees.
- Acceleration is $10,000/mo.
- Eligibility: Age 18-60 (nearest age), ECR can be maintained until Age 121
Key Differences – E10
- Level Premium Rate Schedule: Guaranteed for 10 Years
- Pricing: Depending upon demographics, generally 10% – 30% lower than other 10-Year Level carve-out competitors
- Policy Type: Individual Term Insurance
- Conversion and re-entry available
Comprehensive solutions. unmatched support.
D&E delivers comprehensive marketing, sales, and administrative services to help BGAs, Advisors, and Client Employers succeed.
Marketing Support
Only National Administrator Providing Free Marketing
We provide free, customized marketing and sales support to help you connect with existing and prospective clients. Whether you need co-branded materials or new campaign ideas, D&E makes outreach simple without extensive effort on your part.
Sales Support
Backed by First-Hand Experience
We provide hands-on sales support to help you successfully close more cases with confidence. From case design and client-ready presentations to strategic guidance and competitive product insights, D&E partners with you every step of the way.
Administrative Support
From Enrollment to Ongoing Plan Management
With enrollment demos, sample announcements, and pre-populated online applications, D&E ensures a smooth experience — backed by clear communication and a dedicated account manager to handle new hires, salary updates, and terminations.
Getting Started
Program Attributes
step 1: DATA COLLECTION
Client Employer/Advisor provides employee census data to D&E to obtain approval from Protective.
- Minimum insured lives: 15
- Death Benefits must adhere to internal risk criteria
step 2: Implementation call
Once a case is approved, an implementation call is scheduled with the Client Employer’s HR/Benefits team, D&E, and Advisor to review Application/Enrollment process and on-going administration.
step 3: Enrollment
Employees are enrolled via D&E’s proprietary online application tool, eVictoryEnroll.
step 4: AUTHENTICATION
Multi-Factor Authentication (MFA) is part of the Enrollment Process.
Underwriting
Note: Employees can be accepted or declined for EUL/E10.
Ages 18-70
Two (2) eligibility questions on Application (see below)
- In the past 90 days, has the Proposed Insured been actively at work on a full-time basis performing all duties of the Proposed Insured’s regular occupation at the Proposed Insured’s customary place of employment for at least 30 hours per week?
- In the past 90 days, has the Proposed Insured (a) been absent from work on five (5) or more days due to illness or medical treatment, or (b) been a patient in a hospital, clinic, medical facility, or any similar entity on five (5) or more days?
Ages 71-79
Additional Part 2 Non Med Form (EUL Only)
Opportunities for Client Employers
Carve-out of Group Term
An accounting firm had group life for all employees and carved out 52 employees earning $100,000 or more at 2x salary up to $1,000,000. The firm appreciated that the product was portable without changes and no reductions due to age.
Replace A Carve-Out Plan
A hospital had a group variable universal life program that was confusing and an administrative nightmare. They transitioned EUL, adding the ExtendCare Rider, and their premium was still lower by 15% annually.
Additional Insurance
A law firm wanted to upgrade their death benefit to match peer firms.
Their existing group life coverage could not deliver enough death benefit.
With EUL, partners were provided with an additional $5,000,000 and the ExtendCare Rider.
Corporate Situations
Enhanced death benefit with ECR
A law firm wanted to upgrade their benefits to match peer firms’ death benefit level. This firm moved forward with EUL adding the ExtendCare Rider to further set them apart from their peers.
Obtaining ECR with a modest death benefit
A Consulting firm realized that the ExtendCare rider was a unique benefit in the insurance industry. This firm decided to move forward with EUL with a minimum death benefit to support the ECR rider.
FAQs
-
Client Employer provides employee census data to D&E to obtain approval from Protective. Once approved, an implementation call is scheduled with the Client Employer HR/Benefits team, D&E, and Advisor to review Application/Enrollment process and on-going administration. Employees are enrolled via D&E’s proprietary online application system, eVictoryEnroll.
Let’s Work Together
We can help you customize marketing materials for your clients, provide training on the products, and support you during presentations to your clients.
