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To return to the main Life Insurance Menu click here. Rates will vary by plan and various underwriting factors. Monthly Administration FeeIn Universal Life insurance, an administrative fee is charged each month to cover administrative expenses. Thus, this product can be customized for your individual needs. Monthly Debit Ordinary MDOOrdinary Insurance the premiums for which are collected at the door monthly in the same fashion as Industrial policies. You can even take advantage of lower premiums if you meet our healthy lifestyle guidelines. Maturity ValueThe amount payable to a living insured at the end of an endowment period or to the owner of a Whole Life policy if he lives past a certain age. Premiums may be paid monthly, quarterly, semiannually or annually. Mortality SavingsThe remainder, if any, after subtracting experienced mortality from expected mortality.