Indexed Universal Life Insurance
COUNTRY Financial offers indexed universal life insurance coverage with flexibility.
What is 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.
Death benefit options
Level death benefit
The death benefit is equal to the specified face amount.
Increasing death benefit
This death benefit includes the face amount plus the cash value at the time of death.
Additional options
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.
What are the benefits of indexed universal life insurance?
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
How does indexed universal life insurance work?
Building value in an indexed universal life insurance policy starts with your premium payment. Then we subtract policy and rider charges from the account value. Finally, we 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
Life Insurance Calculator
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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 much life insurance 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.
Child Term Life Insurance Rider
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.
Waiver of Monthly Deduction Rider
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.
Guaranteed Insurance Option Rider
Guarantees you the right to purchase additional life insurance protection – without a medical exam – every three years between ages 22 and 43.
Get indexed universal life insurance
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.
Compare your life insurance options
Not sure what type of life insurance is right for you? Our chart can help.
| Features | Term Life | Whole Life | Indexed Universal Life |
|---|---|---|---|
| Coverage length | Choose from 10, 15, 20, or 30 years, with options to extend coverage | Permanent, lifetime protection 2 | Potential permanent, lifetime protection |
| Cash value | No cash value | Cash value and death benefits guaranteed 2 | Potential to build higher cash values with a guaranteed death benefit 2 |
| Premiums | Low, can increase after the initial term period | Higher than term with different payment options, won’t increase over time | Moderate, with some flexibility in payment options |
Ready to start a life insurance quote?
Find a local insurance agent to get your indexed universal life insurance rate or request a quote online.
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.
1 A physician must certify you as chronically or terminally ill.
2 As long as you make your payments.
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)
For product and service information, read our Terms & Conditions. Read our full Financial Services Handbook.
IULWEB6 (07/23)