Index Universal Life
Index Universal Life
What does it mean to “live your best life?” We like to think of it as flourishing on your own terms while thriving to reach your full potential.
That’s the idea behind our Index Universal Life policy. We offer this index universal life insurance (IUL) policy for those who aspire to live their best life and want to help ensure financial protection of their loved ones.
Policy Details
We have built a policy with multiple options that can:
- Help secure the future of your loved ones after you’re gone
- Help you financially through serious illnesses
- Create a lifetime income stream (for you)
- Give you tax-free access to available cash value
- Provide you cash value early in the policy
- Help protect against market volatility and downturns
- Offer coverage that may not require a medical exam
- Empower you to buy additional discounted coverage
Cash value you can use in your lifetime.
Our IUL Policy includes a feature that allows you to access the policy’s available cash value sooner than most IUL policies. You can make withdrawals or use policy loans to help meet your financial goals and needs, which may include:
● Supplementing retirement income
● Starting a business
● Paying for college or a wedding
● Covering emergency or business
expenses
● Purchasing a vacation home or
taking a vacation
● Making home improvements
Our IUL Policy earns interest without market risk
IULs combine the protection of life insurance with the potential to grow cash value through index interest crediting strategies. These are options within the policy in which interest growth is based in part on the performance of one or more indices.
Our IUL Policy offers four index interest strategy choices plus one Declared Interest Account (fixed rate crediting strategy). You can allocate your premium to any one or all these choices. Any premium paid above what is needed to cover policy expenses can potentially grow as cash value based on the strategy(ies) you pick.
Each index crediting strategy has different features to provide optionality based on your preference and financial goals.
You can experience the potential growth of a rising market, but not the losses of a negative one, as your money is not actually in the market.
Benefits
ImperIUL Plus helps you live your best life because of what it includes.
01
Living benefits you can use in your lifetime.
ImperIUL Plus includes built-in and optional riders that can help you financially if you’re diagnosed with qualifying chronic, critical and terminal illnesses.
02
A potential lifetime income stream.
You have the option of turning your policy’s available cash value into a lifetime income stream with the Income for Life Rider. This feature is designed to supplement other retirement income sources. The rider includes an option to increase payments annually to help keep up with the cost of living.
03
Additional discounted coverage.
Our Quality of Life (QoL) Advantage Program gives
you the option of buying additional term life coverage at a discounted premium.
04
Opportunity for no medical exam for many applicants.
If you are 59 or younger and applying for $2 million or less in coverage, you may be able to be approved for a policy without a medical exam and lab tests.
05
Minimized volatility.
When an index is volatile, it’s constantly moving up and down. This can have a negative impact on long-term growth. Our IUL Policy features four index crediting strategies designed to minimize volatility.
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