Transamerica provides life insurance policies that are both well rounded and flexible. We love that it offers term life coverage ranging from 10 to 30 years in length and from $25,000 to $10 million in death benefits. Indexed universal life insurance is a combination of other types of life insurance. First off it is a type of permanent life insurance. This means that it’s a policy that’s meant to last your entire life; it doesn’t eventually expire like term insurance. Indexed universal life also builds up cash value, which is money you can take out and spend while you are alive. In short, the premiums paid go toward the life insurance cost, fees, and with the rest going toward the cash value of the policy. The twist is that the cash value pays a return based on increases in an equity index, like the S&P 500, versus a fixed rate as with standard universal life insurance plans. Index Universal Life Insurance. Index universal life insurance is similar to variable universal life insurance. But the main difference is that your cash value can only be invested in two sub-accounts – an indexed or a fixed account. If you invest in the fixed account, your cash value growth will depend on Transamerica’s performance. A truly flexible product, index universal life insurance combines the death benefit of traditional life insurance with the ability to accumulate cash value over time. Transamerica's Financial Foundation IUL® provides these benefits and more.
Indexed universal life also builds up cash value, which is money you can take out and spend while you are alive. Since indexed universal life insurance is a type of universal policy, the amount you need to pay each month isn’t fixed. If you're considering indexed universal life insurance, you're probably already familiar with the details of universal life insurance, so let's skip an in-depth look at these plans and review some
OFFERED BY TRANSAMERICA PREMIER LIFE INSURANCE COMPANY INDEX UNIVERSAL LIFE INSURANCE IS NOT A SECURITY and index universal life insurance policies are not an investment in the stock market or in the indexes. Index Account Interest is based, in part, on index performance. Past performance of an index is not an indication of future index This is an independent Transamerica insurance review of the Transamerica Financial Foundation IUL (FFIUL) or Indexed Universal Life. To schedule a policy review email or call. I will do a full Indexed universal life (IUL) insurance is a permanent life insurance product with a cash value component. Unlike most permanent products, the interest rate for an IUL’s cash value is tied to a stock index, such as the S&P 500. As such, your interest rates on your cash value fluctuate.
The Freedom Index Universal Life II offers an S&P 500 ® Index Account which utilizes the S&P 500 Index to determine Excess Index Interest. Each product offers a Basic Interest Account with a guaranteed minimum interest rate of 2%, and an Index Account with a guaranteed minimum interest rate of 1%. Published on Jun 25, 2019 This is an independent Transamerica insurance review of the Transamerica Financial Foundation IUL (FFIUL) or Indexed Universal Life. To schedule a policy review email or
Index Universal Life and You This is just one example of how index universal life insurance can work for you. Your life insurance agent will be able to discuss what product would work best in your unique situation. Life insurance is one of the most important decisions you will ever make. Contact a financial professional today! Transmerica has two IUL products: “Freedom Index Universal Life II” and “Freedom Global IUL II”. The Global IUL projected better returns, so I’ll compare that product. The premise is to use the life insurance coverage primarily for cash accumulation and to take out tax-free loans for retirement income, and then a secondary goal as a death benefit. The Freedom Index Universal Life II offers an S&P 500 ® Index Account which utilizes the S&P 500 Index to determine Excess Index Interest. Each product offers a Basic Interest Account with a guaranteed minimum interest rate of 2%, and an Index Account with a guaranteed minimum interest rate of 1%. Published on Jun 25, 2019 This is an independent Transamerica insurance review of the Transamerica Financial Foundation IUL (FFIUL) or Indexed Universal Life. To schedule a policy review email or Indexed universal life insurance falls under the category of “non-guaranteed” universal life insurance, which comes with a cash accumulation account that is—just as it sounds—not guaranteed. An indexed universal life policy is tied to a stock market index such as the S&P 500. Transamerica provides life insurance policies that are both well rounded and flexible. We love that it offers term life coverage ranging from 10 to 30 years in length and from $25,000 to $10 million in death benefits. Indexed universal life insurance is a combination of other types of life insurance. First off it is a type of permanent life insurance. This means that it’s a policy that’s meant to last your entire life; it doesn’t eventually expire like term insurance. Indexed universal life also builds up cash value, which is money you can take out and spend while you are alive.