Flexible, long-term protection that builds cash value at a guaranteed minimum interest rate of 3%
Flexible, long-term protection that builds cash value at a guaranteed minimum interest rate of 1%, by participating in the market’s gains, but not in its losses
Cash value benefits of universal life insurance
Knowing you have options to access your policy’s cash value is important. With Bankers Life universal life insurance policies, money is always there when you need it.
The policy’s cash surrender value may be borrowed against at any time, allowing for peace of mind in the event of an emergency.
After the 10th policy year, you are eligible to receive a preferred loan, calculated as a percentage of your policy’s cash surrender value on a zero-spread interest basis.¹ This means the amount of loan interest charged (3%) is exactly equal to the guaranteed minimum interest credited to the loaned portion of the account value.²
After the first policy year, you may take one annual, free partial withdrawal of up to 10% of the total accumulation value with no surrender charges.³ If you withdraw more than 10% of the accumulation value, the charge applies to the amount that exceeds 10%. If you make more than one partial withdrawal in a policy year, the charge applies to the amount of second and later withdrawals.
¹ Withdrawals and loans will lower a policy’s account value and death benefits, may have tax implications, and may cause the policy to terminate. Surrender charges will apply to withdrawals in early years, subject to a free partial withdrawal feature. Each individual should seek specific advice from their own tax or legal advisors.
² Indexed Universal Life Insurance (Clearvantage® IUL) has a 1% loan interest charge. TurningPoint Fixed Interest Universal Life (TurningPoint FIUL) has a 3% loan interest charge.
³ This policy also has surrender charges during the first 15 policy years.
Customize your policy with optional riders:
Our optional riders* allow you to customize your indexed universal life policy to provide options to meet your insurance needs.
Living Benefit Chronic Illness Accelerated Death Benefit
Enables you to have access to a portion of your death benefit if you are certified to be permanently chronically ill.
Accelerated Death Benefit for Terminal Illness
Enables access to a portion of your death benefit if diagnosed as terminally ill.
Accidental Death Benefit
Provides a payment in addition to your policy’s face amount in the event of accidental death
Additional Insured Level Term
Offers term coverage on spouses or business partners.
Children’s Term Insurance
Offers term coverage on children.
Provides a benefit if you become disabled.
Primary Insured Level Term
Provides an affordable way to purchase additional term coverage.
Unemployment Waiver of Cost
Waives your monthly cost of insurance deductions if you become unemployed.
Waiver of Cost
Waives the cost of insurance and cost of benefits or riders if you become disabled (certain maximums apply).
Waiver of Planned Periodic Premium
Waives the planned periodic premium if you become disabled (certain maximums apply).
*Riders may be subject to underwriting and availability and will increase premium payments. Talk to an agent for complete description and rules of each rider, including limitations and exclusions. Riders may vary by state.