What is Indexed universal life insurance?
Indexa Pro IUL is an Indexed Universal Life Insurance Policy Which is a type of permanent life insurance. Unlike traditional universal life policies, Indexa Pro IUL can credit interest based on the performance of an independent financial index and has the potential to build account value in your policy for future needs. With an indexed universal life policy your're not investing in equities, so you are protected from market losses.
When you're preparing for your family's future, it's important to cover all your bases. Should you pass away unexpectedly, you want to help protect your family's lifestyle. Indexa Pro Indexed Universal Life Insurance (Indexa Pro IUL) policy from American Fidelity International (Bermuda) Ltd. can provide a death benefit amount to your loved ones if you were to die too soon
Frequently asked questions
Indexa Pro IUL offers two accounts that provide two approaches to accumulating account value. These are the Fixed Account and an Indexed Account. Account value growth in the policy is driven by the interest-earning accounts you direct your policy payments to —the choice is yours:
Indexed Account: The Indexed Account offers the potential for greater account value growth because it is linked to the performance of the S&P 500® Index. It’s important to remember that this is not a direct investment in the S&P 500® Index.
Fixed Account: The Fixed Account offers consistent growth through its fixed interest rate.
Yes, you can. The premium allocation percentage is selected at time of application and can be changed every year at policy anniversary thereafter. Premium allocation percentage must be a whole number and at least 25% allocated to the Indexed Account. The minimum 25% Indexed Account premium allocation percentage might be adjusted in the future.
Index changes can be positive or negative. However, with the Indexa pro IUL, customers have the security of knowing they will never be credited less than the guaranteed minimum interest rate, or "floor". The floor helps protect you from market downturns because, even if the S&P 500 has a negative performance, your credited rate will never be negative.
Payment of the minimum premium ensures that the policy will remain in force during the no-lapse guarantee period. However, if you pay only the minimum premium, you may be foregoing the advantage of building up a significant account value over the lifetime of your policy. Payment of the Planned or Minimum Premiums may not keep the Policy in force until the Maturity Date. You have a right to increase premium payments to keep the Policy in force and maintain a Cash Surrender Value that is sufficient to pay your Monthly Deductions.