718-268-9255
718-268-9268LIFE INSURANCE PRODUCT
Permanent Insurance - Single Life Plans - L121, L99, L95
| Product | Whole Life Paid-Up at 121 | Whole Life Paid-Up at 99 | Whole Life Paid-Up at 95 |
| Description | The new L121 Whole Life policy can provide lifetime protection at a very affordable, competitive cost. It offers clients the security and guarantees to help them build wealth, conserve and safeguard assets during their lifetime, and transfer those assets to future generations. | The new L99 policy can provide lifetime protection and outstanding long-term performance with significantly high cash accumulations. (1). It offers clients the security and guarantees to help them build wealth, conserve and safeguard assets during their lifetime, and transfer those assets to future generations. | The new L95policy can provide lifetime protection and outstanding long-term performance with significantly high cash accumulations. (1) L95 allows the opportunity for premium offset or policy loans earlier than many other Whole Life products. Example, L95 is an excellent choice for those who may desire tax-free loan to cover tuition payments, purchase a second home, or to supplement retirement income (2). |
| Riders(2) | -Waiver of Premium -Accidential Dealth Benefit -EGIO, EPUA, EABR -10-Year annually Renewable Term -DuoGuard -Simplified Insurability Option: Options Q and R |
-Waiver of Premium -Accidential Dealth Benefit -EGIO, EPUA, EABR -10-Year annually Renewable Term -DuoGuard -Simplified Insurability Option: Options Q and R |
-Waiver of Premium -Accidential Dealth Benefit -EGIO, EPUA, EABR -10-Year annually Renewable Term -DuoGuard -Simplified Insurability Option: Options Q and R |
| Issues Ages | Ages 0-90 | Ages 0-80 | Ages 0-80 |
| Minimum Face Amount | Ages 0-49: $250,000 Ages 50+: $100,000 |
-$25,000 (varies based on underwriting classes) | -$25,000 (varies based on underwriting classes) |
| Cash Value | Guaranteed cash values are developed in an actuarial formula using a 4% interest rate. | Guaranteed cash values are developed in an actuarial formula using a 4% interest rate. | Guaranteed cash values are developed in an actuarial formula using a 4% interest rate. |
| Loans(3) | The loan interest rate is 8% until the later of age 65 or policy year 20, then decreases to 5% | The loan interest rate is 8% until the later of age 65 or policy year 20, then decreases to 5% | The loan interest rate is 8% until the later of age 65 or policy year 20, then decreases to 5% |
1. Dividends are not guaranteed and are declared annually by the Board of Directors
2. Riders may incur an additional cost to the policy
3. Policy benefits are reduced by any outstanding loans and loans interest. In any given year, annual dividends, if any, are affected by policy loans.
This information is intended for educational purposes only. It is for agent and broker use only. It is not for distribution to the public.
