Secure Advantage

For Postal, Federal and State Employees only.

Secure Advantage is Madison National Life's leading product, which is a combination of a Modified Whole Life Insurance policy with a flexible premium Annuity Rider.

Permanent life insurance provides peace of mind for the family over a lifetime with solid guarantees. At the second policy year, the life insurance premium reduces by two-thirds and remains level thereafter.

Funds may be added into the annuity rider at any time while the policy is in force on a premium paying basis and without debt. The amounts applied to the annuity rider can be reduced or increased at any time, subject only to the limits imposed by the rider. During any policy year, contributions may be made for no more than $5,000 or five times the amount of the first year's annual premium for the modified whole life policy, whichever is less.

The insured can withdraw from the funds available in the annuity rider and still keep the life insurance in force. Any withdrawal during the early years will be subject to a withdrawal charge. In most states this withdrawal fee is waived in the event of long-term confinement.

When the policy is applied for, the annuity interest rate will be guaranteed for the first policy year at the current rate then in effect. Current interest rates are announced at least annually and are subject to change periodically. The current interest rate is 5% (subject to change). The minimum guaranteed rate is 3% for the life of the policy.

All interest earnings are tax deferred. Income taxes are not due on the interest earnings until the funds are withdrawn or applied toward premium payments.

The Secure Advantage provides a death benefit to the named beneficiary upon the insured's death. This death benefit consists of both the life insurance death benefit plus the cash value of the annuity rider. The modified whole life insurance death benefit is higher (double) in the first ten years. Thereafter, it is one half of the original amount.