Term life insurance products help meet the needs of your clients changing lives. Term is pure insurance protection for a substantially lower premium than permanent life insurance. Term is a level amount of life insurance coverage with no cash accumulation and policy loans are not available. Its affordable protection can offer living benefits through optional Accelerated Benefits Riders¹ in the event of a qualifying illness or injury and has the flexibility to convert to permanent coverage, if desired. EZ Underwriting has the potential to accelerate cases through Underwriting without an exam or labs. Premiums either increase annually or remain level for a pre-determined period of time. Initial term premiums are much lower than premiums for other types of coverage, but later increase considerably. Guaranteed level premiums are based on issue age, sex, rate class and face amount.

Indexed Universal Life Insurance offers all the features of a universal life insurance product: death benefit protection; accessibility with living benefits; cash value potential through interest credits. Its core difference from universal or whole life products is an IUL’s ability to offer flexible options in how cash value is accumulated. Through indexed interest crediting strategies, IUL offers the potential for cash value accumulation based on positive growth of a market index—upside potential—and a guaranteed 0% or 1% floor in the event of a decline in the index—downside protection.

IUL is ideal for affluent or emerging affluent clients wanting to purchase a life insurance product that offers more than just a death benefit and living benefits protection. Because IUL products perform best when funded to their limit, IUL is designed as a potential solution for clients looking for opportunities for cash value potential without the risks of a volatile financial market.

Whole Life Insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. As a life insurance policy, it represents a contract between the insured and insurer that as long as the contract terms are met, the insurer will pay the death benefit of the policy to the policy's beneficiaries when the insured dies. Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term. Whole life premiums are fixed, based on the age of issue, and usually do not increase with age. The insured party normally pays premiums until death, except for limited pay policies which may be paid up in 10 years, 20 years, or at age 65.

¹Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy.  Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits.  Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.  Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.