This product is a unique, lmited-pay ordinary life insurance policy that includes an annuity rider. It is designed to be paid up in 10 years, and it provides a level death benefit for that time period.
The "Accumulator X" is a multi-benefit life insurance policy that combines cash value life insurance benefits with a tax deferred annuity that allows the owners of the contract to have a guaranteed life insurance benefit, with an opportunity to accumulate additional cash in a flexible premium annuity. This product provides substantial benefits if used for final expense, and it is permanent insurance, not term that expires as you age. It is ideal for upper ages.
* Early withdrawals off annuity earnings may result in taxable income and penalties.
The Board of Directors declares the annuity interest rate based upon the Company's success. The Board has established a guaranteed minimum of 1.5%, but has declared a current rate of 4%.
At retirement exchange your contract for a supplemental contract to provide monthly income for the rest of your life.