Americo has four great universal life insurance products uniquely positioned to meet a broad range of needs. Each product ensures your clients' financial obligations are met and that their families are protected in the event of death. Offer your clients the protection that comes from life insurance, but also the benefits they can get while they are still living.
LifeCrest
LifeCrest is a flexible universal life product with an affordable minimum premium, medium-range target premium, and strong guarantees.
- 20-year no-lapse guarantee (as long as minimum premiums are paid)
- Affordable minimum premiums
- Additional 0.5% interest bonus starting in year 11 and beyond, under current company practice (state variations apply)
- Non-medical under $100,000 to age 70
- Zero net cost loans
- Accelerated Benefit Payment Rider (Rider Series 2127) included at no additional cost (up to 50% of death benefit)
- Face amounts as low as $25,000
LifeCrest Index
Not all indexed life products are alike – LifeCrest Index was specially designed to set you apart in the everyday term insurance market. If your clients need basic insurance coverage, why not offer them more than the ordinary? LifeCrest Index offers more benefits in one easy-to-understand package.
- Guaranteed lifetime death benefit(4)
- Guaranteed Return of Premium(4,5)
- Two interest account options; a Declared Account and an Indexed Account with interest earnings based on the performance of the S&P 500 Index®
- Simplicity
- Face Amounts as low as $25,000
- Non-medical under $100,000 to age 65
- Guaranteed income bonus, when income is taken for life or for at least 10 years (after the Return of Premium date.)
Lifetime Legacy
Lifetime Legacy is a senior wealth transfer planning product that is designed specifically for passing on a legacy. It is universal life insurance that guarantees a certain amount of money will go to your clients’ loved ones (or whomever they choose) at death.
- Provides a lifetime guaranteed death benefit that passes to loved ones income tax-free and possibly outside of probate(5)
- May immediately provide a much larger legacy for heirs
- Guarantees that after the fifth policy year the cash surrender value will never be less than the initial premium (assuming no prior loans, withdrawals, or accelerated benefit payments have been taken)
- Utilizes simplified underwriting based on the Net Amount at Risk
- Access to up to 80% of the death benefit (less any loans) in the event of permanent nursing home confinement or a qualifying terminal illness(6)
- Allows for policy loans after the first policy year, or earlier in some states, and withdrawals after five years(7)
- Offers point-of-sale teleunderwriting
- No NAIC illustration required
Quality 25
Quality 25 is a universal life policy that offers clients permanent protection. Plus, Quality 25 builds cash value that can be accessed through policy loans or withdrawals.
- Issue ages 18-80
- Minimum face amount of $50,000
- Non-smoker rating class defined as no cigarettes for last 12 months; smokeless tobacco, cigar and pipe smoking qualify
- Non-medical under $100,000 to age 70
- Guaranteed minimum interest rate of 3.5%
- Zero net cost loans available
- Additional 1% prospective interest rate bonus starting in policy year 11 and beyond, under current company practice (state variations apply)
- Accelerated Benefit Payment Rider (Rider Series 2127) included at no additional cost (up to 50% of death benefit)
(1) Americo Life, Inc. is a holding company and is not responsible for the financial condition or contractual obligations of its affiliate insurance companies.
(2) “Admitted Assets, Top Life Writers-2008,” A.M. Best Co., as of July 2008.
(3) Information is as of year-end 2008 on a consolidated basis for Americo Financial Life and Annuity Insurance Company and the other life insurance subsidiaries of Americo Life, Inc., unless otherwise indicated. Information is prepared on the basis of generally accepted accounting principles (GAAP).
(4) Benefits guaranteed as long as all minimum required premiums are paid as scheduled.
(5) The policy’s guaranteed minimum death benefit is equal to the initial specified amount as defined in the policy and is guaranteed for the lifetime of the insured, assuming no loans, withdrawals, or accelerations of death benefit are taken.
(6) Accelerated Benefit Payment Rider (Rider Series 2149). Benefits may vary by state and will not be available in all states. Certain limitations and exclusions apply. The permanent nursing home benefit is payable after a 90-day elimination period from the time confinement begins. Because accelerated benefit payments are treated as liens against the policy, interest will apply and will gradually decrease the proceeds payable. Please see the Accelerated Benefit Payment Rider section in Agent Guide for more information.
(7) Policy loans and withdrawals will impact policy performance and the ability to take future distributions. Loans repaid according to the terms of the policy will restore the values. Any gain may be subject to taxes and IRS early distribution penalties if taken prior to age 59½.
For agent use only. Not for public use. LifeCrest (Policy Series 179), LifeCrest Index (Policy Series 277), Lifetime Legacy (Policy Series 258) and Quality 25 (Policy Series 119). Products and optional benefit riders are underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Some products and riders may not be available in all states. Some riders are optional and available for an additional cost. Certain restrictions and variations apply. Consult policy and riders for all limitations and exclusions.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Americo Financial Life and Annuity Insurance Company. This product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s make no representations regarding the advisability of purchasing this product. The S&P 500 Index is a market-valued weighted price index which reflects capital growth only and does not include dividends paid on stocks.
For agent use only. Not for public use.
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