Financial
Indexed universal life insurance
Traveling through space requires power, but also protection, and the flexibility to adjust to unexpected events. Indexed universal life (IUL) is kind of like that — flexibility with protection for your family and the power to grow cash value.
IUL could be a good fit for:
| A person who | Because |
|---|---|
| Is interested in having death benefit protection during their entire lifetime | It’s permanent |
| Wants the potential to grow cash values faster than with an interest only policy, and wants to avoid negative returns | It links growth of cash value to indexes like the S&P 500® |
| Seeks flexibility in their policy so it can adjust to their changing lifestyle | It gives you the ability to adjust parts of the policy, within certain limits |
Key benefits of indexed universal life
Provide a death benefit
Your loved ones get a guaranteed, tax advantaged death benefit if you die
This can protect your family from your early death and help ensure that your plans for them still come true
Build cash value
Your premiums create cash value that you can access for needs, including retirement
Cash values can be accessed on a tax advantaged basis for whatever purpose you have in mind
Adjust premium and death benefit
Stay flexible with the ability to adjust your premium amount and death benefit based on future needs
Ask Aster
What is indexed universal life?
Sometimes you have to keep space transmissions brief, so here’s mine for IUL: Upside potential. Downside protection.
Indexed universal life (IUL for short) is a type of life insurance that offers the potential for cash accumulation (tax-deferred) based on market performance, along with a floor on performance that protects the policy’s values from market losses.
Sounds interesting, is there anything else I should know?
One great thing about IUL is that even though your cash value growth is linked to an index, like the S&P 500®, you won’t have any negative investment returns. But you should know, your upside is also limited to a cap (typically somewhere between 7-12%) based upon several factors.
How IUL differs from other permanent products
More flexibility with your premiums, including how much and when you pay
You can adjust the death benefit amount your beneficiaries would receive as your needs change
Explore IUL
Now that you understand why indexed universal life insurance may be right for you, aim your telescope toward these materials to get a deeper understanding.
Bear in mind, we offer two types of IUL that share many of the same features, but are designed to address different goals. Protection IUL offers protection-forward coverage while Virtus IUL II has more of an accumulation focus.
1 Interest linked growth is based in part on the movement of the selected market index and is subject to applicable caps, spreads, and/or participation rates.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by AuguStarSM Life Assurance Corporation. Standard & Poor’s® , S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AuguStarSM Life Assurance Corporation. AuguStar LifeSM Assurance Corporation‘s Virtus indexed universal life insurance is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.
Withdrawals and loans may reduce the death benefit, cash surrender value and any living benefit amount.
Indexed universal life insurance is issued by AuguStarSM Life Assurance Corporation. Product, product features and rider availability vary by state. Issuer not licensed to conduct business in NY.
