Fixed loans are set at the maximum rate. Maximum loan interest rate of 3.38% in advance in the first 10 policy years and 2.44% in advance thereafter. This is equivalent to 3.50% in arrears in the first 10 policy years and 2.5% thereafter. Account value equal to the loan balance is moved to the Loan Account and credited at 2.5% on a current basis (1.0% guaranteed). Available beginning in year 3; Loan and loan interest remain in the index and/or fixed account, which can help grow the policy’s account value. Net interest rate varies based on Moody’s Corporate Bond Yield Average Index, but will never exceed 1% above the declared interest rate on the fixed account .
Fixed Loans
Variable Loans
Overload Protection Benefit
Keeps the policy in force when there is a large outstanding loan balance by providing paid-up life insurance benefit.
Death Benefit Options Option A: level (specified amount) or Option B: increasing (specified amount plus account value)
1.00% in fixed and loan accounts 0.00% in index participation accounts and variable loan account
Guaranteed Interest Rate
No-Lapse Guarantee Period
20 years
Premium Charge
7.00% (current and maximum)
$10.00/month (current); $25.00/month (maximum) expense charge plus a charge per $1,000 specified amount
Monthly Expense Charge
Surrender Charge
Surrender charge decreases to 0 in year 15
Accelerated Benefit for Terminal Illness: Provides up to 75% of the policy death benefit if the insured has a life expectancy of 12 months or less. Maximum $1 million (Only if Care4Life is not available.) Accidental Death Benefit: Pays additional benefit if death is accidental. Care4Life Accelerated Death Benefit: Provides a guaranteed amount upon one of the qualifying critical, chronic or terminal illness triggers. California has rider variations. Refer to rider section for more details. The Care4Life rider is not a long-term care product. Ethos Perks: Ethos’ signature online estate planning tools enable policyowners to create wills, trusts, power of attorney, health care directives and more. Not available in WA or SD. Lifetime Income: Provides policy disbursements for life. Choose an irrevocable disbursement option: level, increasing or potentially increasing. Waiver of Specified Premium: Credits a specified amount of premium to the policy if the insured is disabled.
Riders
For financial professional use only. Not for use with clients.
IUL-AG-0723
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