Indexed whole life
Remember the scene when Han Solo pilots through an asteroid field?
Life can be sort of like that sometimes — full of unexpected obstacles. Which is why you may want protection with guarantees on cash value, death benefit and premiums. Plus, you could use some extra power in the form of cash value from indexed returns.
IWL could be a good fit for:
|A person who||Because|
|Wants permanent life insurance, but a limited set of payments – guaranteed||It’s permanent, and you don't have to pay for the rest of your life|
|Wants guarantees in their life insurance policy||It provides peace of mind as the company assumes much of the risk|
|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®|
Key benefits of indexed whole life
Your loved ones get a guaranteed, tax advantaged death benefit if you die
Your premiums create cash value that has the potential to increase based, in part, on market indices1 and that you can access for future financial needs, including retirement
IWL: Long on protection, not premiums
Word from mission control is that you can take advantage of your financial ability to secure whole life insurance over a short period of time. A Prestige Indexed 10 Pay whole life insurance policy requires premium payments for 10 years. After that, the premiums end but your lifetime protection doesn’t. Copy that.
Dial in the right coverage
1Interest 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 may reduce the death benefit, cash surrender value and any living benefit amount.
Indexed whole life insurance is issued by AuguStarSM Life Assurance Corporation. Guarantees based on the claims-paying ability of the issuer. Product, product features and rider availability vary by state. Issuer not licensed to conduct business in NY.