WEALTH BUILDING

An annuity is a type of investment that pays a fixed sum of money at regular intervals for a specific number of years or for the investor’s life. In exchange, the investor gives up ownership and control over the invested funds.

The annuity contract may specify how much will be paid out each period, or how much will be paid out when the last payment is made. The payments are typically guaranteed to continue as long as one lives, but they may stop if one dies before all payments have been made.

Annuities are often used in retirement planning because they provide an income stream and tax deferral. They can also provide an estate-planning benefit by creating an income stream for beneficiaries who inherit them.

INDEXED UNIVERSAL LIFE IUL is a life insurance product that is designed to provide lifetime protection.

The INDEXED UNIVERSAL LIFE IUL product will pay a death benefit if the insured dies prematurely and the policyholder dies later, after the guaranteed period. The INDEXED UNIVERSAL LIFE IUL product will also be paid in full if the policyholder dies at any time during the guaranteed period.

INDEXED UNIVERSAL LIFE IUL can be purchased as an individual policy or as part of a group life insurance program. It is available to individuals of all ages and in any state of health.