1. Based on sales data since 2013, we've consistently been a top 10 IUL carrier in terms of sales. LIMRA, U.S. Retail Individual Life Insurance Participants Report, 2013-2022.
2. Optional Extended Conversion Agreement is available for Advantage Elite Select Term policyholders to extend convertibility throughout the level period of the contract.
Agreements may be subject to additional costs and restrictions. Agreements may not be available in all states or may exist under a different name in various states and may not be available in combination with other agreements.
Life insurance products contain charges, such as Cost of Insurance Charge, Cash Extra Charge, and Additional Agreements Charge (which we refer to as mortality charges), and Premium Charge, Monthly Policy Charge, Policy Issue Charge, Transaction Charge, Index Segment Charge, and Surrender Charge (which we refer to as expense charges). These charges may increase over time, and these policies may contain restrictions, such as surrender periods.
Policyholders could lose money in these products.
Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender and will reduce both the surrender value and death benefit. Withdrawals may be subject to taxation within the first fifteen years of the contract. Clients should consult their tax advisor when considering taking a policy loan or withdrawal.
Because of the risk involved to the client with variable interest rate loans, use caution when illustrating or discussing variable rate loans.
The Accelerated Death Benefit for Chronic Illness Agreement and Chronic Illness Access Agreement may not cover all of the costs associated with chronic illness. These Agreements are generally not subject to health insurance requirements and do not provide long-term care insurance subject to state long-term care insurance law. These Agreements are not state-approved Partnership for Long Term Care Program Agreements and are not Medicare supplement policies. Receipt of chronic illness benefit payments under these agreements may adversely affect eligibility for Medicaid or other government benefits or entitlements.
The Accelerated Death Benefit for Chronic Illness Agreement and Chronic Illness Access Agreement are life insurance policy agreements that provide an option to accelerate the death benefit in the event that the insured becomes chronically ill.
The accumulation value, surrender value, loan value, death benefit and/or death proceeds may be reduced when a chronic illness benefit payment is made under these agreements. The death proceeds may be reduced by the accelerated death benefit amount. Please review the policy for details.
Due to uncertainty in the tax law, chronic illness benefits paid from a life insurance contract may be taxable. Please ensure that your clients consult a tax advisor regarding chronic illness care benefit payments from a life insurance contract.
These materials are for informational and educational purposes only and are not designed, or intended, to be applicable to any person's individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action. Securian Financial Group, and its subsidiaries, have a financial interest in the sale of their products.
