LegacyAccel® offers a wealth of features that prioritize both acceleration and protection.
See an overview of the features below, or download the product guides for full details!
ELIGIBILITY
ISSUE AGES
Age last birthday: 18-85
PREMIUM MODES
Single Premium
or Annual Installments
MATURITY
Policy matures at age 121 for the current death benefit.
GENDER-SPECIFIC RATE CLASSES*
- Standard Nicotine
- Preferred Nicotine
- Standard Non-Nicotine
- Preferred Non-Nicotine
*Except in Montana.
LOADS & CHARGES
LegacyAccel® is a no-load plan with unbundled expense charges. Surrender charges may apply to a LegacyAccel® policy if surrendered as a direct transfer to a policy at another company.
FINANCIAL SAFETY
LIVING BENEFIT RIDER
A portion of the death benefit may be accelerated in the event of chronic illness, terminal illness, or severe cognitive impairment. The lesser of $500,000 or 90% of the specified amount could be accelerated.
PENALTY-FREE LIQUIDITY
LegacyAccel® has penalty-free liquidity built-in with cash value loans and penalty-free withdrawals. If you change your mind later and decide to cash out your policy, the Waiver of Surrender Charges, Accumulated Value Roll-Up, and Premium Protection features help to assure that you realize the maximum surrender value (as long as the surrender is not a transfer to a policy at another company).
MINIMUM RETURN OF 2.5%
A minimum return of 2.5% may be provided with the Accumulated Value Roll-Up Rider. Every tenth year, or at surrender, the Rider provides the greater of the original policy premiums (minus withdrawals, fees, and expense charges) credited at a guaranteed return of 2.5%, OR the current accumulated value.
TAX-FREE LEGACY
Choose a Specified Death Benefit amount between $25,000 and $10 million, then select one of the following options:
INCREASING DEATH BENEFIT OPTION
Any Accumulated Policy Value is paid at death in addition to the Specified Amount.
LEVEL OPTION
Your Death Benefit may increase with your cash accumulation value so that your policy maintains the status of a life insurance policy under IRS guidelines.
The LEVEL OPTION provides the dual advantage of a ramped-up death benefit while at the same time making the most of accelerated cash accumulation.
A Living Benefit Rider may be included, which allows for a portion of the Death Benefit to be distributed prior to death in the event of chronic illness, terminal illness, or severe cognitive impairment. There is no charge to you for this rider unless you choose to exercise it.
