Life Insurance
Help protect the future you’re building together.
Life insurance can help protect the financial future of the people who depend on you and support the plans you’ve made together if you’re no longer there.
Life insurance may help you with more than you think.
- Replace income: Help your family manage everyday expenses if you're no longer there.
- Pay major expenses: Help with a mortgage, debt, education, or other financial obligations.
- Leave legacy: Provide financial support to people or causes you care about.
- Prepare for the unexpected: Some policies may offer benefits you can access during your lifetime if certain qualifying events occur.
These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.
Offers
- Guaranteed death benefit3
- Guaranteed cash value
- Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.
- Level premiums that are guaranteed to never change.
May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.
Increasing the death benefit may be subject to additional underwriting approval.
Offers
- Flexible death benefit
- Flexible premium
- Policy cash values are credited a current interest rate that is set by the insurance company, which is subject to change, but will never be lower than a guaranteed minimum interest rate.3
May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.
Increasing the death benefit may be subject to additional underwriting approval.
Offers
This policy design is for the customer who needs life insurance but would like to have the ability to choose how their cash value is invested.
Variable policies are underwritten by National Life and distributed by Equity Services, Inc., Registered Broker/Dealer Affiliate of National Life Insurance Company, One National Life Drive, Montpelier, Vermont 05604.
Increasing the death benefit may be subject to additional underwriting approval.
Variable contracts are sold by prospectus. For more complete information, please request a prospectus from your registered representative or call 1-800-732-8939. Please read it and consider carefully a Fund's objectives, risks, charges and expenses before you invest or send money. The prospectus contains this and other information about the investment company.
Guarantees are dependent upon the claims-paying ability of the insurer and do not protect the value of the variable product portfolios, which may fluctuate. Variable policy holders are subject to investment risks, including the possible loss of principal invested.
Offers
- Flexible death benefit
- Flexible premium
- Cash value grows based on the performance of the professionally managed stock, bond and money market sub-accounts that you choose. You can design a portfolio to match your comfort level and risk tolerance. Policy cash values fluctuate based on the sub accounts in which you are invested and may lose value, including principal.
May make sense for those who have budget limitations, large protection needs or temporary need.
Offers:
- Guaranteed death benefit for a fixed period3
- Fixed premium.
- No cash value.
- Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.
- Initial premiums tend to be lower but will eventually increase.
I know what type of life insurance I want, how do I buy it?
Before you can purchase life insurance, you need to qualify for it.
We will ask you to provide us with information that we then use in what is called underwriting. This is the process that an insurance company uses to determine risk.
Second, all of this information is provided to an underwriter. An underwriter is someone who is specially trained to assess your application and determine what risk, if any, may exist. Once all of your information has been reviewed, the company will either approve or deny your request. That process can take days or weeks depending on the information received.
Lastly, your agent will contact you and go over the results of your underwriting and details of your policy.
Learn more about medical conditions that can affect the underwriting process.
- Policy loans and withdrawals reduce the policy's cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender.
- It is possible that coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.
- Guarantees are dependent on the claims-paying ability of the issuing company.
- Standard and Poor's, S&P, and Standard & Poor's 500 are trademarks of Standard & Poor's and have been licensed for use by Life Insurance Company of the Southwest.
- The use of trusts involves complex tax rules and regulations. Consider enlisting the counsel of an estate planning professional and qualified professional legal and tax advisors prior to implementing such sophisticated strategies.
