Indexed Universal Life Insurance: Lifetime Coverage With Flexibility

Why choose indexed universal life insurance?

Indexed universal life (IUL) offers premium and coverage flexibility with the potential for more cash value growth because it's linked to the performance of a stock market index. You can designate some or all of your policy's cash value to earn index credits based on market performance up to a cap rate. Those index credits will never be negative, even if the market goes down. 

Other policy benefits include: 

  • Two different death benefit options to choose from: 
    • Level: the death benefit only is received upon the insured’s death
    • Increasing - the death benefit includes the face amount plus the cash value at the time of death
  • No Lapse Guarantee: This  remains in force during the identified period providing certain requirements are met. The No Lapse Guarantee period is 15 years for ages 0-65 and varies for ages 66-75.
  • Terminal Illness and Chronic Illness Accelerated Death Benefits: If the insured becomes chronically or terminally ill, the policy’s accelerated benefits can help pay for expenses related to the chronic or terminal illness by advancing a portion of the death benefit to the policy owner. This would reduce the amount the beneficiaries would receive. Chronic illness benefits are available for permanent life policies only. Terminal illness benefits are available for term and permanent life policies.1

There are no additional costs for these features.

How it works

Building value in an Indexed Universal Life insurance policy starts with your monthly premium payment. Then you subtract policy charges and your insurance policy and rider charges from the account value. Finally, you credit (or add) any interest earned in the fixed accounts and any index growth credits earned.

The index interest crediting rates you'll receive are:

  • Linked to the performance of a stock market index
  • Never below the floor rate – set at 0% to assure you cannot lose value
  • Limited by the cap rates set in the policy
  • Based on participation rates at the time a segment is created

 

Know your options

You should choose the life insurance option that best meets your needs. Here’s a snapshot of what an indexed universal life policy offers:

  • Flexible payment options
  • Access to the policy's cash value
  • Lifetime coverage, if the policy is adequately funded
  • Several add-on features to help customize your policy

Want to compare life insurance policy types? See them side-by-side.  

Life Insurance Calculator

Estimate your coverage

How many school-aged kids do you have?

How much income would your family need replaced each year to maintain their quality of life? (Enter a dollar amount)

How many years would your family need this income?

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How much do you owe on your mortgage?

Not including your mortgage, how much debt would your family need to pay off?

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What percentage of your children's education would you like to cover?

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Approximately, how much do you have in readily available assets?

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How much life insurance do you currently have?

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Your Result

You're in good shape!

Based on your answers, it sounds like you've already taken important steps to make sure you're covered.

As your life changes, your insurance needs might change, too. Schedule a complimentary review below to make sure you're properly protected.

This information is for illustrative purposes only and is not intended to be a recommendation for any specific product or amount of coverage. It does not take into consideration all factors that may affect your specific need, including social security benefits and the time value of money.

Here's how much life insurance you may need:

Based on your answers, you're well on your way to making sure you're covered.

As your life changes, your insurance needs might change, too. Request a complimentary review below to make sure you're properly protected.

This information is for illustrative purposes only and is not intended to be a recommendation for any specific product or amount of coverage. It does not take into consideration all factors that may affect your specific need, including social security benefits and the time value of money.

Here's how much life insurance you may need:

Based on your answers, it sounds like you may benefit from a complimentary review to make sure you're properly protected

Fill out the form below to request an appointment.

This information is for illustrative purposes only and is not intended to be a recommendation for any specific product or amount of coverage. It does not take into consideration all factors that may affect your specific need, including social security benefits and the time value of money.

Request a review

How we incorporated education costs into our calculation: Calculations are based on national cost estimates for attending a 4-year public in-state university. As of 2019, LendEDU estimates a 4-year public in-state university costing roughly $100,000.

How we incorporated funeral costs into our calculation: Using national median funeral cost averages as a guide, we applied a $7,500 funeral cost to this calculation.

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Your request has been submitted.

How much coverage do I need?

The amount of life insurance you need depends on several things, like the number of children you have, your mortgage, income and more. 

Add-on features

You might have heard about insurance “riders” and wondered what they are. They’re simply add-ons you can include with your base insurance policy. It’s kind of like adding a sports package to your basic cable subscription. Here are the features you can add to your indexed universal life policy for an extra cost.

Choose up to $50,000 of term insurance for each of your kids ages 0-17. In addition to current coverage, it gives them the opportunity to convert to a permanent policy at age 23 without additional medical exams.

If you become disabled and cannot work for a specified period of time, your monthly deductions will be waived (after a six-month waiting period) while you are disabled.

Guarantees you the right to purchase additional life insurance protection – without a medical exam – every three years between ages 22 and 43.

Getting started with indexed universal life

Your representative will help you choose the right policy type, amount and payment option. They’ll also walk you through the application process, which includes filling out a few forms, answering some health questions and possibly being asked to complete a basic medical exam.

Ready to start?

Find a local rep or start online. We'll help you find life insurance that works for you.

COUNTRY Financial® is a family of affiliated companies (collectively, COUNTRY) located in Bloomington, IL. Learn more about who we are.

Life insurance policies issued by COUNTRY Life Insurance Company® and COUNTRY Investors Life Assurance Company®, Bloomington, IL. 

The information and descriptions contained here are not intended to be complete descriptions of all terms, conditions and exclusions applicable to the products and services. The precise insurance coverage under any COUNTRY Investors insurance product is subject to the terms, conditions and exclusions in the actual policies as issued. Products and services described in this website vary from state to state and not all products, coverages or services are available in all states.

1A physician must certify you as chronically or terminally ill. 

COUNTRY Financial® affiliated companies and our representatives cannot give tax or legal advice. Please consult legal and tax counsel of your choice regarding your personal circumstances. Any information we provide reflects or understanding of current tax laws which are subject to change and reinterpretation. 

Indexed Universal Life Insurance ICC21(IUL), IUL(ND21)

Child Term Insurance Rider ICC21(IULCTR), IULCTR(ND21

Accelerated Death Benefit Due To Chronic Illness ICC21(IULCI), IULCI(ND21)

Guaranteed Insurance Option Rider ICC21(IULGIO), IULGIO(ND21)

Accelerated Death Benefit Due to Terminal Illness ICC21(IULTI), IULTI(ND21)

Waiver of Monthly Deduction Rider ICC21(WMDR), WMDR(ND21)

Accelerated Benefit Endorsement AB (12/04)

 

For product and service information, read our Terms & Conditions. Read our full Financial Services Summary Handbook.

IULWEBDESC1 (02/23)