1 For federal income tax purposes, tax-free income assumes, among other things: (1) withdrawals do not exceed tax basis (generally, premiums paid less prior withdrawals); (2) policy remains in force until death (any outstanding policy debt at time of lapse or surrender that exceeds the tax basis will be subject to tax); (3) withdrawals taken during the first 15 policy years do not cause, occur at the time of, or during the two years prior to, any reduction in benefits; and (4) the policy does not become a modified endowment contract. See IRC §§ 72, 7702(f)(7)(B), 7702A. Any policy withdrawals, loans and loan interest will reduce policy values and may reduce benefits.
Indexed universal life insurance does not directly participate in any stock or equity investments.
All individuals selling this product must be licensed insurance agents.Â
Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges.
Â鶹´«Ã½ is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Â鶹´«Ã½, its affiliates, distributors, and respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.
Â鶹´«Ã½ refers to Â鶹´«Ã½ and its subsidiary Â鶹´«Ã½ & Annuity Company. Insurance products can be issued in all states, except New York, by Â鶹´«Ã½ and in all states by Â鶹´«Ã½ & Annuity Company. Product/material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the insurance company with regard to such guarantees because these guarantees are not backed by the independent broker/dealers, insurance agencies, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the issuing company.
The home office for Â鶹´«Ã½ & Annuity Company is located in Phoenix, Arizona. The home office for Â鶹´«Ã½ is located in Omaha, Nebraska.
Investment and Insurance Products: Not a Deposit • Not Insured by any Federal Government Agency • Not FDIC Insured • No Bank Guarantee • May Lose ValueÂ
20-126C
