![]() ![]() You can take withdrawals or loans from the cash value the policy accumulates, but the policy can lapse if the cash value amount gets too low to cover the fees that are charged each month by the insurance company. Variable life insurance may be an attractive choice for those with long-term insurance, investment and tax-planning needs, and who are also comfortable having an active role in deciding investment options. Variable life insurance is not a “set it and forget it” type of policy. Principal’s variable universal life insurance Principal also offers another indexed universal life insurance product: the Indexed Accumulation II. The policy’s cash value has a 0% growth floor and a growth cap never less than 3%. The Indexed Universal Life Flex II allows you to grow cash value based on the S&P 500 Price Return Index or the S&P 500 Total Return Index. It gives you a flexible premium with death benefit protection in three options: fixed, increasing (based on cash value) and return of premium. Principal Indexed Universal Life Flex II is for people ages 20 to 85 and offers a minimum death benefit of $100,000. Be sure to review the participation caps and fees so you’re fully aware of how the policy works. These policies also often have the flexibility to vary premiums and death benefits. Indexed universal life insurance may be worth considering if you’re looking for the potential to grow cash value based on an index, like an S&P 500 index. Principal’s indexed universal life insurance ![]() The survivor can tap into the death benefit if diagnosed with a chronic or terminal illness. ![]()
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