What protection needs does life insurance meet?
- Protect the lifestyle of your children, spouse or dependents in case of death
- Accumulate funds for education or retirement
- Gain flexibility to fund unexpected events, like critical illness or nursing home care
Life insurance is a long-term contract with an insurance company that provides a death benefit. In return, periodic premiums are paid to the insurance company. It can also be used as a means of income by the cash value feature of some types of policies.
The life insurance policy’s death benefit can fund dependents’ needs for a long time. When buying life insurance, you need to decide how much you need, how long you need it and what you can afford to pay.
Fixed indexed universal life (FIUL) provides a death benefit to the policyholder’s beneficiaries in exchange for periodic premium payments to the life insurance company. In addition to a death benefit, your policy may accumulate cash value which grows based on the performance of a market-driven index.1 You participate in a portion of the index gain, subject to certain limits, such as caps, spreads and participation rates. Policy guarantees offer protection to ensure you will never experience a loss in cash value due to index performance.
We design our products for people who seek death benefit protection, want the possibility of upside potential with no downside risk, and like the flexible options to borrow from the value of the contract.
1The index crediting options are linked to a market index, but you are not investing directly in the stock market or any index.
