Life Insurance
Help protect the future you’re building together.
Life insurance can help protect the financial future of the people who depend on you and support the plans you’ve made together if you’re no longer there.
Life insurance may help you more than you think.
- Replace income: Help your family manage everyday expenses if you're no longer there.
- Pay major expenses: Help with a mortgage, debt, education, or other financial obligations.
- Leave legacy: Provide financial support to people or causes you care about.
- Prepare for the unexpected: Some policies may offer benefits you can access during your lifetime if certain qualifying events occur.
These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.
Offers
May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.
Increasing the death benefit may be subject to additional underwriting approval.
Offers
- Flexible death benefit
- Flexible premium
- Policy cash values are credited a current interest rate that is set by the insurance company, which is subject to change, but will never be lower than a guaranteed minimum interest rate.1
May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.2
Increasing the death benefit may be subject to additional underwriting approval.
Offers
- Flexible death benefit
- Flexible premium
- Cash value has the potential to grow based on an interest crediting strategy that is tied to changes in a participating market index such as the S&P 500.3
- Downside protection through minimum guarantees1 to ensure that your policy's potential cash value will not decline due to decreases in the participating market index.
May make sense for those who have budget limitations, large protection needs or temporary need.
Offers:
- Guaranteed death benefit for a fixed period1
- Fixed premium.
- No cash value.
- Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.
- Initial premiums tend to be lower but will eventually increase.
1 Guarantees are dependent on the claims-paying ability of the issuing company.
2 Indexed Universal Life (IUL) insurance does not directly participate in the market, market indexes, or any stock or equity investments. An IUL insurance policy is usually a fixed universal life (UL) policy where interest is determined by the performance of a specified market index. Unlike traditional UL policies, the policy owner may receive 0% interest for a single crediting period if the index performs poorly. However, with most designs, the premiums are protected and guaranteed to credit a minimum interest rate in the event the policy is surrendered. The owner of an IUL policy may experience better interest crediting than a traditional UL policy during periods when the market performs well. IUL policies do not directly participate in any stock or equity investments. The amount of interest credited is limited by a cap. The 0% floor provided by an IUL policy ensures that during crediting periods where the index is negative, that no less than 0% interest is credited to the index strategy. However, monthly deductions continue to be taken from the accumulated value, including a monthly policy fee, monthly expense charge, monthly accumulated value charge, cost of insurance charge, and applicable rider charges, regardless of interest crediting.
3 “Standard and Poor’s®,” “S&P®,” “Standard and Poor’s 500,” and “500” are trademarks of Standard & Poor’s and have been licensed for use by Life Insurance Company of the Southwest. The product is not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in this Product. The S&P Composite Index of 500 stocks (S&P 500®) is a group of unmanaged securities widely regarded by investors to be representative of large-company stocks in general. An investment cannot be made directly into an index..
