LifeCycle Solution is an innovative Surviviorship Universal Life insurance policy designed to adapt to your changing needs through the Benefits for Living riders.

 

Benefits for Living is a powerful financial tool that provides your family with financial security at death but also provides financial security in the event of a long-term illness, critical illness or terminal illness. There is no additional premium cost for these accelerated living benefits and provides future options as life changes. The living benefits go on the policy automatically after the first death and include:

 

• Long-Term Care/Chronic Illness Acceleration – accelerates the death benefit when the insured cannot perform 2 out 6 activities of daily living

• Critical Illness Acceleration – accelerates the death benefit when the insured experiences a qualifying event including heart attack, stroke and cancer

 

• Terminal Illness Acceleration – accelerates the death benefit when the insured has a terminal illness and life expectancy less than 12 months. 

• Guaranteed Income for Life – annual income the insured cannot outlive.

 

 

LifeCycle Solution provides the following policy features:

 

Flexibility: Premium, income and death benefit flexibility with options to access policy benefits after the death of the first insured. 
Premium – allows single premium, limited pay, lifetime premiums.
Additional Protection Benefit – COI blend to dial down the target premium.
Death Benefit – allows Option A and Option B.
Income – limited or lifetime income.

Minimum Death Benefit: $250,000

Issue Age: 0 – 85.

Coverage Period: Death benefit to age 120.

Surrender Schedule: 10 years

Policy Loans/Withdrawals: Available after the first policy year.

Loan Options:
• Variable Net Cost Loan 
• Fixed Net Cost Loan Method
• Overloan Protection Rider

1035x with Loans: Available for up to 50% of the gross exchange amount.

Interest Rate Crediting: S&P 500 Index. Minimum guaranteed annual interest rate of 2.5%. Annual gains locked in. Upside potential with downside protection.

Interest Crediting Strategies: 

• Fixed Interest Strategy

• Point-to-Point, Cap Focus Index Strategy

• Point-to-Point, Participation Focus Index Strategy

• Point-to-Point, No Cap Index Index Strategy

• Point-to-Average Index Strategy 
• Systematic Allocation Rider

Rate Classifications
• Elite Preferred (issue ages 20-70)

• Preferred Non-Smoker (issue ages 20-80)

• Standard Non-Smoker (issue ages 0-85)

• Preferred Smoker (issue ages 20-80)

• Standard Smoker (issue ages 20-85)

No-Lapse Guarantee:            

Death Benefit Protection Rider.
Premium: No additional premium charge.

No-lapse period: 

 

Long-Term Care/Chronic Illness Acceleration: 
Income tax-free living benefit in the event of a long-term/chronic illness through the Chronic Illness Accelerated Benefits Rider.  Rider specs include:
• Available on all table ratings and all policies up to $2 million of death benefit
• Annual acceleration limited to the indexed IRS per diem benefit,  $113,150 for 2012
• Own doctor must certify annually that insured is unable to perform 2 out of 6 ADL’s or cognitive impairment. ADL’s – Eating, Toileting, Transferring, Bathing, Dressing and Continence
• No additional premium cost.
• Rider is not underwritten separately.
• Cash Benefit, no restrictions on the use of the benefit
• Works well in trust-owned policies.
• Paid–up policy is available at the time of acceleration.
• No waiting period to accelerate the benefit.

Critical Illness Acceleration: 
Ability to accelerate the death benefit as a result of a qualifying event:
• Heart Attack, Stroke, Cancer, End Stage Renal Failure, Major Organ Transplant, ALS or Blindness.
• No additional premium cost.
• On all standard and above policies.
• Maximum lifetime payout - $1 million. 

Lifetime Income Benefit: Through the Lifetime Income Benefit Rider (LIBR), your policy cash value can be used to provide a guaranteed stream of income you cannot outlive. 

Life Changes. Protect It.