Financial
Prepare, protect and provide with our newest IUL product
Virtus Protection IUL – the latest addition to our indexed universal life (IUL) insurance portfolio – offers protection – forward coverage with accumulation potential to help your clients lock in their legacies.
With Virtus Protection IUL, they can prepare for the future, protect their financial well-being and, perhaps most importantly, provide for their loved ones.
NEW! Virtus Protection IUL
Virtus Protection IUL boasts strong death benefit protection along with the potential for account value growth. The cash accumulation component can help the policy owner keep pace with coverage costs over time, especially if they reach an advanced age.
Additional resources for Virtus Protection IUL
Find our IUL products on these platforms
AuguStar Life’s IUL products are now available through iPipeline, the end-to-end platform thousands of firms rely upon to run their practice and process business quickly.
Advanced Planning Strategies Using Protection IUL
Looking for accumulation-focused IUL? We have that, too
IUL built for rain or shine
Comparing indexed universal life (IUL) policies can be tricky, especially when some companies’ illustrations forecast nothing but sunny days ahead. Of course, clouds can move in unexpectedly in the form of market volatility and economic downturns. So instead of designing a product that looks good on paper, we built one that accounts for both the highs and the lows.
This is evident when you see how Virtus IUL II’s income potential stacks up against the competition illustrated at a 5% return versus every policy’s maximum return.
1-Year S&P 500® Index Account
(Maximum Illustrated Return Rate)1
| Rank | Company | Product |
Maximum Distribution |
Illustrated Rate |
Cash Surrender Value (10 years) |
Cash Surrender Value (5 years) |
Death Benefit (Initial) |
Death Benefit (Age 65) |
|---|---|---|---|---|---|---|---|---|
| 1 | Fidelity and Guaranty Life | FG Pathsetter | $86,454 | 7.16% | $287,472 | $912,191 | $415,625 | $1,327,816 |
| 2 | Allianz | Life Pro+ Advantage | $85,467 | 7.39% | $304,640 | $966,738 | $362,587 | $1,329,325 |
| 3 | AuguStarSM Life | Virtus IUL II | $84,147 | 6.70% | $303,093 | $943,204 | $419,000 | $1,362,204 |
| 4 | American National | Signature Performance IUL | $82,743 | 6.28% | $302,614 | $910,928 | $400,124 | $1,311,052 |
| 5 | Penn Mutual | Accumulation IUL | $82,351 | 6.27% | $298,593 | $904,324 | $404,186 | $1,308,510 |
| 6 | Symetra | Symetra Accumulator Ascent IUL 2.0 | $76,789 | 6.52% | $309,353 | $919,081 | $381,159 | $1,300,240 |
| 7 | Pacific Life | Pacific Horizon IUL 2022 | $73,570 | 7.01% | $272,844 | $826,480 | $374,408 | $1,200,888 |
| 8 | Lincoln Financial | WealthAccumulate 2 IUL (2020) | $71,656 | 6.29% | $287,464 | $857,878 | $377,160 | $1,235,038 |
| 9 | Nationwide | Indexed UL Accumulator II 2020 | $71,579 | 6.03% | $299,992 | $863,731 | $405,422 | $1,269,153 |
1-Year S&P 500® Index Account
(5% Return Rate)1
| Rank | Company | Product |
Maximum Distribution |
Cash Surrender Value (10 years) |
Cash Surrender Value (5 years) |
Death Benefit (Initial) |
Death Benefit (Age 65) |
|---|---|---|---|---|---|---|---|
| 1 | Penn Mutual | Accumulation IUL | $61,363 | $278,039 | $781,066 | $404,186 | $1,185,252 |
| 2 | AuguStarSM Life | Virtus IUL II | $58,690 | $274,966 | $776,714 | $419,000 | $1,195,714 |
| 3 | American National | Signature Performance IUL | $57,929 | $281,026 | $785,753 | $400,124 | $1,185,877 |
| 4 | Nationwide | Indexed UL Accumulator II 2020 | $54,407 | $283,043 | $767,120 | $405,422 | $1,172,542 |
| 5 | Fidelity and Guaranty Life | FG Pathsetter | $53,763 | $258,240 | $717,599 | $415,625 | $1,133,224 |
| 6 | Allianz | Life Pro+ Advantage | $49,797 | $265,161 | $732,719 | $362,587 | $1,095,306 |
| 7 | Pacific Life | Pacific Horizon IUL 2022 | $45,694 | $242,675 | $659,380 | $374,160 | $1,033,788 |
| 8 | Lincoln Financial | WealthAccumulate 2 IUL (2020) | $42,723 | $267,970 | $742,156 | $377,160 | $1,119,316 |
| 9 | Symetra | Symetra Accumulator Ascent IUL 2.0 | $38,142 | $284,370 | $772,561 | $381,159 | $1,153,720 |
1 Examples assume a 45-year-old male, preferred best rate class, $25,000 annual premium to Age 65, minimum non-MEC death benefit (increasing death benefit switching to level in year 21), annual participating loans taken in years 21-40, and $1 cash value target at maturity. Results depicted are based upon current, non-guaranteed rates. Non-guaranteed results may be more or less favorable than those shown. Data derived from benchmark comparison produced by LifeTrends on 12/5/23. Not all indexed universal life competitors or policies were included.
Fluidless underwriting accelerates lift-off
Leveraging in-house tools, we can deliver an underwriting process that’s simpler — and often faster — for you and your clients. Best of all, it provides the results you want with fewer paramedic exams and the same rate class distribution as our fully underwritten policies.
Issued without exam and attending physician statement
79% Issued without
Paramedic / APS
Rate Classes
47% Super preferred
22% Preferred
18% Standard or other
13% Select
Time of Issue
48% Issued in 5 days
or less
Financial strength backed by institutional partners
Constellation Insurance founding investors and equal partners, Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), are two of the largest long-term institutional investors in North America.
Together, they manage a total of more than CA$681 billion in net assets, including more than CA$138 billion in private capital investments (as of Dec. 31, 2023).
Cosmic Ratings
We consistently earn high marks for financial security and claims paying ability from independent rating analysts.
A.M. Best
Financial strength: A
Outlook: Stable
Fitch
Financial strength: A-
Outlook: Positive
Moody’s
Financial strength: Baa1
Outlook: Stable
A.M. Best Company: “A,” its third-highest ranking out of 16 categories. Fitch: “A-,“ its seventh-highest ranking on a 21-part scale. Moody’s: “Baa1,” its eighth-highest ranking on a 21-part scale. All ratings information is according to reports published on: ambest.com/ratings, fitchratings.com and moodys.com/insurance. Ratings are for AuguStarSM Life Insurance Company, AuguStarSM Life Assurance Corporation and National Security Life and Annuity Company and are accurate as of 5/10/2024.
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