Indexed Universal Life Insurance in Waco Texas

Indexed universal life is a form of universal life insurance and is considered to be one of the most flexible types of life insurance. You can adjust the death benefit and the premiums you pay.  Indexed Universal life polices can offer:  

• Death Benefit
• Living Benefits - riders that allow you to access the death benefit, while still living, in the event of a qualifying Terminal, Chronic, or Critical illness (2)
• Guarantees for your premiums paid and interest earned against loss due to market declines plus the potential of crediting interest based in-part on a market index (1)

Medical conditions, illnesses or injuries, although not always fatal, can have a devastating impact on your lifestyle, your independence and your ability to earn an income. They can even deplete your savings in no time at all. Accelerated Benefits Riders are optional, some of the companies that we represent offer these at no-additional cost, riders that can allow you to access all or part of your death benefit, while living, if you experience a qualifying terminal, chronic, or critical illness (2). The use of the benefit is unrestricted with the exception that ABR proceeds for chronic illness in the state of Massachusetts can only be used to pay for expenses incurred for Qualified Long-Term Care services. Since the benefit is unrestricted, once you qualify, you can use the benefit for any expense. Expenses might include, but are not limited to: - Household expenses - Adult Day Care - Home modifications - Regular bills - Nursing home care - Quality of life expenditures. Get an indexed universal life insurance policy in Waco, Texas today!

1 Assuming no withdrawals during the withdrawal charge period.  Rider charges continue to be deducted regardless of whether interest is credited.  Unlike traditional fixed annuities, the policy owner of a fixed indexed annuity may receive zero interest for a single period on a specific premium payment if the index performs poorly. However, with most designs, the premiums are protected and guaranteed to grow over time, and the owner of a fixed indexed annuity may experience better interest crediting than a traditional fixed annuity during periods when the market performs well. Indexed annuities do not directly participate in any stock or equity investments. An investment cannot be made directly into an index. Most FIAs permit owners to participate in only a stated percentage of an increase in an index, and also impose a “cap rate” that represents the maximum annual account value percentage increase allowed to contract owners. Annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity. In addition, withdrawals prior to age 59 ½ may be subject to a 10% Federal Tax Penalty. The guarantees of annuity contracts are contingent on the claims-paying ability of the issuing insurance company. Back to top

2 Living benefits are provided by no-additional premium accelerated benefit riders.  Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy.  Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits.  Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.  Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance.  Riders are optional, may require additional premium and may not be available in all states or on all products.  This is not a solicitation of any specific insurance policy. Back to top

3 The use of cash value life insurance to provide a tax-free resource for retirement assumes that there is first a need for the death benefit protection.  The ability of a life insurance contract to accumulate sufficient cash value to help meet accumulation goals will be dependent upon the amount of extra premium paid into the policy, and the performance of the policy, and is not guaranteed.  Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy's cash value in early years.  Back to top

4 It is possible that coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.

5 The 0% “floor” provided by an indexed universal life insurance policy ensures that during crediting periods where the index is negative, that no less than 0% interest is credited to the index strategy.  However, monthly deductions continue to be taken from the account value, including a monthly policy fee, monthly expense charge, cost of insurance charge, and applicable rider charges, regardless of interest crediting.

6 The ability to internally fund a life insurance contract will be dependent upon the performance of the contract.  Using policy values and benefits to pay the premium due will reduce the policy’s cash value and death benefit. If policy values are insufficient to pay the premium, additional out-of-pocket payments may be needed to keep the policy inforce. 

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