Life

• Partial Acceleration is paid in lieu of a portion of the policy’s death benefit
• Full Acceleration is paid in lieu of the policy’s death benefit. In case of a full acceleration, the policy will be terminated after acceleration is paid
• Maximum Policy Death Benefit eligible for acceleration: issue Ages 0 to 65 is $2,000,000 and Iss Ages 66 and over is $1,000,000

These riders are offered for no additional premium; however, the accelerated benefit payment will be less than the requested amount because it is reduced by an amount calculated based on our company’s evaluation of the insured’s health at the time the benefit is exercised as well as an administrative fee of up to $500 assessed when the benefits are elected.

Eligibility: The insured has suffered a critical illness described in the rider, which may include heart attack, stroke, invasive cancer, etc. The sixteen covered critical illnesses may be found in the Rider Form or the Summary and Disclosure Notice for Accelerated Benefit for your state.

Hypothetical Example: Armando and Maria each own permanent life insurance policies with death benefits of $250,000 each.

Armando experienced a massive heart attack, and was unable to return to work for several months. Maria took a temporary leave of absence from her job to help care fro him.

Utilizing the Critical Illness Rider, Armando and Maria were able to accelerate a portion of the death benefit from Armando’s policy which would see them through this crisis without having to destroy their savings or retirement nest egg.

Eligibility: Insured is unable to perform two out of six activities of daily living (bathing, continence, dressing, eating, toileting, or transferring) or requires constant supervision to protect from threats to health and safety due to severe cognitive impairment.

Hypothetical Example: Bill was diagnosed with early-onset Alzheimer’s disease, and was eventually unable to work or stay at home alone.

Bill and his wife, Karen, askedd their agent about surrendering the policy for accumulation value in $500,000 permanent life insurance policy on Bill’s life.

Utilizing the Accelerated Benefit Rider, Bill and Karen chose to accelerate 25% of the policy to help with immediate needs and leave 75% of the death benefit to assist Karen later.

Sadly, two years later, Bill’s condition worsened and chose to accelerate an additional 50% of the remaining death benefit to cover necessary expenses for funeral cost.

An Indexed Universal Life Policy (IUL) gives you the control to manage any eventuality. The control to make certain your family not only is protected, but is protected in the best way possible. An IUL provides a death benefit, but can also be a vehicle to grow Accumulation Value. There is the potential to earn interest based on the movements of a market index, and you can make your own decisions on how to manage your policy through multiple indexed crediting strategies. The best part is, your not exposed directly to the market, because your policy is protected against a negative change. Additionally, if your policy is funded sufficiently, you may be able to access funds later in life, if needed, through policy loans. The IUL also gives you the flexibility to adjust your premiums as needed, if your Accumulation Value has grown enough, you may even be able to stop paying premiums and still keep your policy active.

In an unpredictable market, the IUL gives you the power to earn interest and provide security for you and your family.

 With IUL, policyholders can select how often and for how many years they want to pay premiums in order to dictate how long their permanent life insurance policy lasts. Since the premium payment period and lapse dates are essentially “dial-able” at the time of illustration, policyholders can keep paying premiums and choose the protection of a life insurance policy to age 95 or until age 121. You can choose to pay premiums for your lifetime, or pay up the policy over a shorter premium paying period such as 10, 15, or 20 years.

This rider waives a certain amount of the premium, as stipulated on the data page that accompanies the policy. These waived premiums are considered to be paid premiums and are credited to the insurance policy. This amount may not keep the policy active to the policy maturity date. The insured must provide proof of total disability that has continued for at least six consecutive months.

• The child’s attained age of 25, or
• The policy anniversary following the insured’s attained age of 65

The Guaranteed Cash Out Rider secures a return of premium (ROP) which enhances the policy’s surrender value if the policy is fully surrendered during an available Enhancement Option Period. This means owners can receive up to 65% ROP after 15 years, and 100% ROP after 20 and 25 years. There is no additional premium for this benefit rider, and you are not required to have a minimum policy amount to qualify. Maximum issue age is 70.