Viewing content for

Select Your State:

We want to make sure you get the appropriate information on products approved for sale in your state.

Sorry, this product is not available in your state.

Warning

Warning

Invalid configuration found. Contact the administrator.

 
 
Income AdvantageSM
Indexed UL
Life Protection AdvantageSM
Indexed UL
 

Income Advantage is an indexed universal life policy emphasizing strong cash value1 accumulation. By basing the interest credits on a market index, the client has greater potential for growth than a traditional fixed interest universal life policy. Clients have the opportunity to access the cash value for future needs.

View Past Performance and Renewal Rates

Life Protection Advantage is an indexed universal life policy emphasizing long-term, affordable death benefit protection along with flexibility for the future. The growth in the policy is typically used to help extend the policy's death benefit coverage beyond the no-lapse protection period.

View Past Performance and Renewal Rates

Issue Ages

(Age Last Birthday)

0 – 85

0 – 85

Target Market
  • Individuals looking to accumulate cash to supplement a retirement fund, create an education fund or prepare for financial emergencies
  • Younger working professionals protecting their families and seeking to save for future expenses
  • Pre-retirees replacing their income for spouse or partner
  • Business owners
  • Individuals with a long-term death benefit need such as income replacement, wealth transfer or estate planning
  • Clients who:
    • Want to lock-in a death benefit that is guaranteed for a meaningful number of years
    • Understand the additional years of death benefit protection they need beyond the no-lapse protection period can be extended on a non-guaranteed basis
    • Desire a policy with flexibility for the future
Face Amounts

$100,000 and up

$100,000 and up

Underwriting Classes
  • Preferred Plus (nontobacco)
  • Preferred (nontobacco, tobacco)
  • Standard Plus (nontobacco)
  • Standard (nontobacco, tobacco)
  • Preferred Plus (nontobacco)
  • Preferred (nontobacco, tobacco)
  • Standard Plus (nontobacco)
  • Standard (nontobacco, tobacco)
Table Rates

Table 1 (A) to 16 (P)

Table 1 (A) to 16 (P)

Surrender Charges

First 14 years

First 14 years

Expense Loads

Monthly Policy Fees
Current = $5
Guaranteed = $10
Monthly charge per $1,000 of Specified Amount
Cost of insurance for the current month
Cost of riders for the current month

Premium Charge
Current = 4.5% up to the target
3% in excess of the target
Guaranteed = 10% of each premium

Monthly Policy Fees
Current = $5
Guaranteed = $10
Monthly charge per $1,000 of Specified Amount
Cost of insurance for the current month
Cost of riders for the current month

Premium Charge
Current = 4% up to the target
7.5% in excess of the target
Guaranteed = 10% of each premium

Riders

(Some restrictions may apply)

  • Guaranteed Refund Option*
  • Long-term Care Rider
  • Accelerated Death Benefit for Terminal and Chronic Illness Riders*
  • Lapse GuardSM Rider*
  • Guaranteed Insurability Rider
  • Accidental Death Benefit Rider
  • Disability Continuation of Planned Premium Rider
  • Disability Waiver of Policy Charges
  • Dependent Children’s Rider
  • Additional Insured Term Rider (self and other insured)

*Included in the policy

  • Guaranteed Refund Option*
  • Long-term Care Rider
  • Accelerated Death Benefit for Terminal and Chronic Illness Riders*
  • Lapse GuardSM Rider*
  • Guaranteed Insurability Rider
  • Accidental Death Benefit Rider
  • Disability Continuation of Planned Premium Rider
  • Disability Waiver of Policy Charges
  • Dependent Children’s Rider
  • Additional Insured Term Rider (self and other insured)

*Included in the policy

Guaranteed Interest Rate

2% on fixed account

2% on fixed account

Policy Loans

Standard Loan (Years 1 – 9):
Charge 4% (in arrears)
Credit 2%

Standard Loan (Years 10+):
Charge 2% (in arrears)
Credit 2%

Index Loan
Charge: Currently declared rate not to exceed 6%
Credit: Based on Index Crediting Strategy Performance

Standard Loan (Years 1 – 9):
Charge 4% (in arrears)
Credit 2%

Standard Loan (Years 10+):
Charge 2% (in arrears)
Credit 2%

Index Loan
Charge: Currently declared rate not to exceed 6%
Credit: Based on Index Crediting Strategy Performance

Partial Withdrawals

Allowed after first policy year, $100 minimum

Allowed after first policy year, $100 minimum

No-Lapse Protection
  • Ages 0 – 75: 10 years
  • Ages 76 – 79: to age 85
  • Ages 80+: 5 years

Long-Term:

  • To age 85 (only available to insureds up to issue age 75)

Short-Term:

  • Ages 0 – 75: 10 years
  • Ages 76 – 80: to age 85
  • Ages 80+: 5 years
Other Product Features

Index crediting strategies
Income Advantage has three index crediting strategies:

  • 100% participation rate with mid-range cap
  • Higher participation rate with lower cap
  • Lower participation rate with no cap

Index account
This account earns an index credit based on an index selection.

Fixed account
An account that offers the company’s currently declared, nonguaranteed interest rate.

Short-term holding account
An account where net premiums are initially placed until they can be allocated to the fixed and/or index account on the 10th of the month following the premium payment.

Index crediting strategies
Life Protection Advantage has three index crediting strategies:

  • 100% participation rate with mid-range cap
  • Higher participation rate with lower cap
  • Lower participation rate with no cap

Index account
This account earns an index credit based on an index selection.

Fixed account
An account that offers the company’s currently declared, nonguaranteed interest rate.

Short-term holding account
An account where net premiums are initially placed until they can be allocated to the fixed and/or index account on the 10th of the month following the premium payment.

1 The amount that may be available through loans and withdrawals, as defined in the contract.

Warning

Warning

Invalid configuration found. Contact the administrator.

 
Warning

Warning

Invalid configuration found. Contact the administrator.

 
Login
Login for More

There's More

Log in to Sales Professional Access to unlock even more detailed information and specialized tools plus your personalized reports.

Not Registered? All you need is your production number and you're ready. Sign up

Have a sales or marketing question, need technical assistance, or have an idea you want to share? Contact Support