The growth cap rate is the upper limit on the rate of return that you are eligible to earn and ranges from 3% to 11.5%, depending on the indexed options selected. This rate determines what percentage of the index gain you will earn. Minimum and maximum ages may vary by policy amount and health class.īrightLife Grow guarantees a participation rate of at least 100%. This product is available to buyers ages 18 to 85 with a minimum face amount of $50,000 and comes with a built-in no-lapse guarantee. If you’re interested in lower-risk cash value, you can select the guaranteed interest account. However, keep in mind that if your cash value gets too low to cover policy expenses and fees, the IUL policy could lapse.īrightLife Grow Series 155 is Equitable’s indexed universal life insurance product and gives you the choice of four indexed options linked to the S&P 500, Russell 2000 and MSCI EAFE. IULs also offer the flexibility to vary premiums and death benefits and take withdrawals or tax-free loans against the cash value. It includes participation rates, caps and floors that may keep the policy from the biggest gains and losses. This type of life insurance links your cash value to an index. If you’re looking for a death benefit that will grow with an index, like the S&P 500, indexed universal life insurance (IUL) is an option. Equitable’s indexed universal life insurance Term Series (except TermOne) can be converted to a permanent life insurance policy, including a conversion credit to reduce the first premium on the permanent policy. Depending on the term length selected, it is available to buyers ages 18 to 99 with a minimum face amount of $500,000.Įquitable’s TermOne policy is specifically for one year only and has a minimum face amount of $25,000. This product is offered in one-, 10-, 15- and 20-year options and an annually renewable term policy. Term life insurance does not build cash value, and as a result, it is often the cheapest type of life insurance to purchase.Įquitable offers a term life insurance product called Term Series 160. After the level term expires (such as 10 or 20 years), you can renew the policy, but you should prepare for a significant increase in premiums. In that case, a term life policy with a length that covers the remainder of your working years is an option. For example, suppose you want enough coverage to cover income replacement for your family if you die. Term life insurance is a good option if you’re looking for life insurance to cover a specific period of life.
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