You’ve worked hard and planned well. And now you are ready to shape your legacy.
Legacy Choice is a single premium life insurance policy that includes guarantees and living benefits. This asset can help with both planned and unplanned events in your life. If you never use the living benefits, the death benefit will pass to your heirs, income tax-free.
No medical tests. No hassles. Quick and easy to apply.
If you are age 40 through 85 with at least $25,000 to allocate, simply answer a series of health questions through our online application, and a quick qualification response is provided. The whole process typically takes approximately 20 minutes.
Living Benefits available with Legacy Choice
Whether you encounter a serious illness, an emergency expense, or merely change your mind about keeping your policy — options are available to help meet your needs:
Return of Premium Rider*
Starting day one, if you should decide to surrender the policy, you will get back what you put in or the accumulated cash value, whichever is greater. Surrender value equals the premium paid (minus withdrawals taken and related charges).
Free Partial Withdrawals*
Once each policy year, you can exercise the Partial Surrender Option Rider to withdraw up to a maximum of 10% of the cash value or $40,000, whichever is less. If you do take a withdrawal, other policy values will be reduced proportionately and a processing fee applies.
Living Benefits Rider*
This feature allows you access to up to 90% of the death benefit if you are terminally ill or have a permanent chronic illness or severe cognitive impairment. There is no charge for the rider unless you use it. If you do exercise the option, the advanced benefits will be discounted and other policy values will be reduced proportionately. If unexercised, the entire death benefit amount would remain intact.
Cash Value Loans
This option is also available when necessary. If used, any unpaid loan plus interest will be deducted from the death benefit.
Create an enhanced legacy for your loved ones, while maintaining financial control to access living benefits, should you need them.
Ready to take the next steps?
Talk to your financial professional to see if Legacy Choice fits into your financial plan.
Don’t have a financial professional yet?
* Product and rider availability varies by state and financial institution.
Please read the policy and riders for details on benefits and exclusions. If there is a discrepancy between the product as generally described here and the policy or rider issued to you, provisions of your policy or rider will prevail. Legacy Choice SPWL base policy form number is ICC12 LIU-39 0219, the Return of Premium Rider is ICC18 LIU-864 0518, and the Partial Surrender Option Rider is ICC18 LIU-885 1018. The Living Benefits Rider, ICC18 LIU-530ICC18 LIU-530 0518, may or may not be included on the policy depending upon the final underwriting decision.