1 Based on results in the Independent Insurance Broker channel, LIMRA 4Q21 YTD US Retail Individual Life Insurance Sales BY CHANNEL with All Splits. LifeTrends product detail via lifetrends.com
2 Average locked interest rate percentage is based on 10,396 locks between September 17, 2019 and December 31, 2021. Potential interest varies by index allocation. Past results are not a guarantee for future results.
FIUL requires qualification through health and financial underwriting.
Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse, or affect guarantees against lapse. Withdrawals in excess of premiums paid will be subject to ordinary income tax. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. If a policy is a modified endowment contract (MEC), policy loans and withdrawals will be taxable as ordinary income to the extent there are earnings in the policy. If any of these features are exercised prior to age 59½ on a MEC, a 10% federal additional tax may be imposed. Tax laws are subject to change and you should consult a tax professional.
Although an external index may affect the interest credited, the policy does not directly participate in any equity or fixed income investments. Your clients are not buying shares in an index.
