Flexible to build

FLEXIBLE TO BUILD

Let’s start building

Everly IUL TermVest+ gives you choices about how you build your policy, how you fund it, and how you access your cash value. So, let’s start building:

First, decide how long you need coverage with guaranteed cost - 10, 15, 20, 25 or 30 years. This is your fixed cost period. Then, choose your coverage amount, which can range from $50,000 up to $2 million (fixed cost period and issue age limitations may apply). It’s that simple!

FLEXIBLE TO BUILD

Once you’ve built your policy, here’s how it works

Pay the minimum

You can use your policy like a typical Term policy, paying just enough to cover your policy charges. During the fixed cost period, your policy charges are guaranteed.

Build cash value

Pay more than your policy charges and you can build cash value via the fixed account, the index account, or a combination of the two.

Use flexible payment options

You can make payments monthly, quarterly, or annually – or, you can make an additional payment at any time. You can also adjust your payment amount as long as you make sure your policy charges are covered.

FLEXIBLE TO BUILD

How you grow your cash value

When you make a payment, your money (less any policy charges) is put into a holding account that earns a fixed interest rate. On the 15th of every month, after accounting for policy charges, your holding account balance is transferred to a fixed account, an index account, or a combination of the two.

The fixed account grows at a competitive* current interest rate, with a guaranteed minimum. The index account can grow based on a market index. In either case, your cash value grows tax-deferred with downside protection.

Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. Everly Life, its agents and representatives may not give legal, tax or accounting advice and this presentation should not be construed as such. Customers or potential customers should confer with their qualified legal, tax and accounting advisors as appropriate. Index Universal Life is life insurance which offers the opportunity to earn index interest based in part on the performance of an underlying index. Indices are not available for direct investment.

*https://www.fdic.gov/national-rates-and-rate-caps


FLEXIBLE TO BUILD

What happens after the fixed cost period?

You have options here too! After your fixed cost period ends, you can make payments to continue your policy coverage, or you can let your accumulated cash value cover the costs of helping protect your family.

The beauty of IUL TermVest+ is that it helps you protect your beneficiary in the event of your death, just like term insurance does. But if you want to save money to help fund life's big moments – like paying for college, supplementing your retirement fund, or just having a financial cushion for real-life emergencies – you can save money within the policy.

Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. Everly Life, its agents and representatives may not give legal, tax or accounting advice and this presentation should not be construed as such. Employees should confer with their qualified legal, tax and accounting advisors as appropriate.

It is important to note that there will typically be a cost increase associated with continuing your policy coverage. Potential clients seeking information regarding this matter should contact a financial professional.

Everly

IULTermVest

Secure your policy + grow your savings