Life Insurance

In its simplest form, life insurance is a promise between an insurance company and you, the policy owner. If you pay a certain amount of money (premium) to the insurance company, the insurance company will pay a certain amount of money (death benefit) to the person (beneficiary) you tell us to when the person whose life is being insured dies.

There are many types of life insurance. Term insurance only provides a death benefit for a limited period of time. By contrast permanent insurance can provide a death benefit and the potential to build policy cash value that you can access during your lifetime using policy loans and withdrawals. Permanent insurance can also offer the flexibility to increase or decrease your death benefit as your needs change, as well as the potential to reduce or skip premium payments.

  • Whole life insurance
  • Universal life insurance
  • Indexed Universal life insurance
  • Variable Universal life insurance
  • Term insurance

These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.

OFFERS

  • Guaranteed death benefit
  • Guaranteed cash value
  • Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.
  • Level premiums that are guaranteed to never change.

May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.

Increasing the death benefit may be subject to additional underwriting approval.

OFFERS

  • Flexible death benefit
  • Flexible premium
  • Policy cash values are credited a current interest rate that is set by the insurance company, which is subject to change, but will never be lower than a guaranteed minimum interest rate.

May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.

Increasing the death benefit may be subject to additional underwriting approval.

OFFERS

  • Flexible death benefit
  • Flexible premium
  • Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.
  • Downside protection through minimum guarantees to ensure that your cash value will not decline due to decreases in the Index.

This policy design is for the customer who needs life insurance but would like to have the ability to choose how their cash value is invested.

Increasing the death benefit may be subject to additional underwriting approval.

Variable contracts are sold by prospectus. For more complete information, please request a prospectus with one of our sale sexecutives, or call 1-972-445-9534. Please read it and consider carefully a Fund’s objectives, risks, charges and expenses before you invest or send money. The prospectus contains this and other information about the investment company.

Guarantees are dependent upon the claims-paying ability of the insurer and do not protect the value of the variable product portfolios, which may fluctuate. Variable policy holders are subject to investment risks, including the possible loss of principal invested.

OFFERS

  • Flexible death benefit
  • Flexible premium
  • Cash value grows based on the performance of the professionally managed stock, bond and money market sub-accounts that you choose. You can design a portfolio to match your comfort level and risk tolerance. Policy cash values fluctuate based on the sub accounts in which you are invested and may lose value, including principal.

May make sense for those who have budget limitations, large protection needs or temporary need.

OFFERS:

  • Guaranteed death benefit for a fixed period3
  • Fixed premium.
  • No cash value.
  • Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.
  • Initial premiums tend to be lower but will eventually increase.

I know what type of life insurance i want, how do i buy it?

Before you can purchase life insurance, you need to qualify for it.

We will ask you to provide us with information that we then use in what is called underwriting. This is the process that an insurance company uses to determine risk.

Second, all of this information is provided to an underwriter. An underwriter is someone who is specially trained to assess your application and determine what risk, if any, may exist. Once all of your information has been reviewed, the company will either approve or deny your request. That process can take days or weeks depending on the information received.

Lastly, your agent will contact you and go over the results of your underwriting and details of your policy.

Annuties

An annuity allows a customer to deposit money (premiums) with an insurance company that can earn interest and grow on a tax-deferred basis with the agreement that the insurance company will then provide a series of payments back to the customer at regular intervals.

People typically purchase annuities to provide or supplement retirement income they will receive from Social Security, pension benefits, investments and other sources. You can convert your annuity into a stream of income that can then be paid over a fixed period or for your lifetime. You can take withdrawals of varying amounts when you need the income.

There are generally two different types of annuities:

Immediate

Provides income payments that normally begin within a year after the premium is paid.

Deferred

Provide income payments that begin later, often after many years. Deferred annuities are designed for long-term savings purposes.

  • Available to purchase using a single lump sum, or with flexible premiums over time.

  • When it comes time to take income from your deferred annuity, you will have many options available to meet your needs.

  • Fixed interest rate annuities
  • Indexed annuities
  • Variable annuities

OFFERS

  • Deposits accumulate at fixed rate of interest set by the company.
  • Have a guaranteed minimum interest rate that will be earned.

Indexed annuities do not directly participate in any stock or equity investments. Most indexed annuities 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. An investment cannot be made directly into an index.

OFFERS

  • Interest is based on changes in a major index such as the S&P 500.2
  • Over the long-term, an indexed annuity may offer the potential for greater earnings than a fixed annuity but may have years, when the index is down, when no interest will be credited.
  • Downside protection through minimum guarantees1 to ensure that your cash value will not decline due to decreases in the Index.

OFFERS

  • Upside potential of the securities market.
  • Choice of a variety of subaccounts as well as fixed income account options.
  • Ability to transfer money between different types of investments without current tax liability.
  • No guarantees which may result in a loss of principal.

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