Be sure to choose a life insurance policy that meets your long-term life insurance needs. If your personal situation changes — for example, you get married, have a child or get a job promotion — make sure the policy continues to meet your needs. You should also weigh the costs of the policy before making a purchase. Life insurance has fees and charges that vary with your sex, health, age and smoking status. Riders that customize a policy to fit your individual needs usually carry an additional charge.
Indexed universal life insurance policies are not stock market investments, do not directly participate in any stock or acuity investments, and do not receive dividend or capital gains participation. Past index performance is r-o indication of future crediting rates. Also, be aware that interest crediting fluctuations can lead to the need for additional premium in your policy.
Planning for the future can be stressful — especially with stock market and fixed interest rate uncertainty. But it doesn’t have to be that way.
Whole or permanent life offers the affordable protection you need for your family, plus a healthy balance of opportunity for cash value growth and protection so you can plan for your future with confidence.
Permanent life insurance products make a good fit for people with a variety of planning objectives, such as:
Replacing term insurance or supplementing employer insurance
Having coverage is different than having the right coverage. IUL Protector gives you an affordable way to update your existing plan to meet your current protection needs.
Legacy or estate planning
The death benefit helps you efficiently pass assets on to loved ones or a favorite charity.
Long-term care (LTC) and living benefits
Our indemnity-style long-term care rider lets you access the policy death benefit to pay your LTC benefits each month without the hassle of submitting receipts.'
And the Accelerated Death Benefit rider can help cover expenses or implement wishes of an insured who has been diagnosed as terminally ill with a life expectancy of 12 months or less.2
May also be helpful for:
Whole life is the most common type of permanent life insurance. With whole life insurance, your premium payments remain the same over the life of the policy. You can choose how often you'd like to make premium payments, too – annually, semiannually, quarterly or monthly.
Some whole life policies can be paid up after a certain number of years. When you purchase a policy, you'll know how the cash value will grow over the life of your policy.
What is whole life insurance?
Whole life is the most common type of permanent life insurance. With whole life insurance, your premium payments remain the same over the life of the policy. You can choose how often you'd like to make premium payments, too - annually, semiannually, quarterly or monthly. Some whole life policies can be paid up after a certain number years. And because your policy earns a fixed rate of interest, it's easy to predict the growth of your policy's cash value over time.
Whole life insurance is designed for the long-term, so before purchasing be sure to think about your ability to make premium payments consistently over the life of the policy.
if you’ve made the decision that permanent life insurance is right for you, the “underwriting” process begins. This simply means we begin the paperwork on the policy.
Your insurance professional will have some forms for you to sign and may need to ask you a few medical questions. Depending on the amount of insurance applied for, a medical professional may contact you to schedule a quick checkup, including height, weight and other basic medical information. The checkup is often done in your own home.
After the application is approved and premium received, you will receive the policy. You might want to file this with your other important documents and notify your beneficiaries. Then, by paying your premiums, you can be confident you’ve protected what matters most in life.