Cover Your Life
Coverage up to $1m
Build cash value.
Pays a death benefit to your beneficiary(s), typically within 60 days. Portion of fixed-premiums build a cash value savings based on a fixed-return from the insurance carrier. Up to all cash value can be accessed before maturity via loan, tax-free (deducted from face value of death benefit if not repayed). Typically take a few years to develop cash value, which typically isn’t paid to beneficiaries if policyholder dies. Can include riders like PUA or no-lapse protection. Ages 0-85.
Pays a death benefit (non CV) to your beneficiary(s). Portion of premiums build a cash value savings based on the performance of the S&P stock market index, up to 9.25% annual cap. Offer downside protection with a 0% floor. Uncapped option available. Premiums can be monthly or annually. Premiums can increase with age. Cash value can be accessed via loan (approx 6%), tax-free (deducted from the face value of the death benefit). Fast decision. Ages 18-75. Death benefit coverage limits $25K-$300K.
Pays a death benefit (non CV) to your beneficiary(s). Better for larger premium/DB. Portion of premiums build a cash value based on performance of the S&P index, up to 10% annual cap. Provides a 0% floor for no loss. Cash value can be accessed any time via loan while full CV continues to grow. Typically start with lower death benefit and overfund (GPT limit set upfront) to accelerate cash value (until breakeven or premium-financing). No contribution limit after year 7. Must do full underwriting.
Returns depend on Crediting method: Cap Rates, Participation & Spread rates and Point-to-Point dates.
Income: Plan your retirement.
Families: Leave an inheritance.
Optimal advice varies by each individual’s initial capital, income and length of time to place funds.