Insurance planning is often a critical component of a comprehensive financial plan that serves to protect you and your loved ones from whatever life brings and helps you to prepare for the future. The type of insurance policy you might need depends on your situation.
Traditional life insurance is essentially a contract between you and a provider, and after contributing to a plan throughout your life, the provider pays a designated beneficiary a sum of money when you die; essentially insuring you against your death. If you have a partner or children, life insurance can provide you with the reassurance that they will be able to cope financially without you.
These plans take the form of a legal contract and often have pre-determined limitations and exclusions such as; an act of war, suicide or civil unrest, to protect the provider.
Indexed Universal Life (IUL) Insurance
Differing from traditional life insurance, Universal life (UL) insurance comes in a lot of different options, from fixed-rate models to variable ones, where you select various equity accounts to invest in. Indexed universal life (IUL) insurance allows the owner to allocate cash value amounts to either a fixed account or an equity index account. Policies offer a variety of well-known indexes, such as the Nasdaq-100 or the S&P 500.1
IUL insurance policies offer tax-deferred cash accumulation for retirement while maintaining a death benefit.
At Renascence USA we know that making a decision on which type of Life Assurance cover to setup can be confusing, which is why our team of experienced Advisors are here to help you.
All of our advisors are US licensed Advisory Representatives, meaning they are well placed to advise in all areas of personal financial planning including Life Assurance.