Indexed Single Premium Life Insurance
Aviva's Multi Choice Indexed
Single Premium Life product is designed to provide
your senior clients with a life insurance solution
that could help them pass on a larger legacy to their
heirs - with a death benefit that, in most cases, is
received income tax-free by the named beneficiary.
Description & Highlights
“picture the possibilities for you and your clients ”
-
Indexed Universal Life with a lifetime guaranteed death benefit for a single premium
Several choices of interest crediting strategies
- Safe and efficient 'Legacy Asset' that transfers to heirs
- Life insurance death benefit, in most cases, passes income TAX-FREE to the beneficiary
- Interest grows tax-deferred
- Simplified underwriting, no medical exams - standard through Table 4!
- 10% Beneficiary Settlement Option Enhancement
- Penalty-free withdrawals available beginning year two*
- Potentially increasing death benefit
- Nursing Home and Accelerated Death Benefit Riders give access to dollars when specific health conditions are met
Who Can Benefit from Single Premium Life?
- Your senior clients who have money that they hope to pass on to their family
- Customers who wish to boost their estate legacy and pass it to heirs in a tax-advantaged manner
- Clients who are in good health and don't need the money for income
- Clients with inforce deferred annuities from which they do not plan to take withdrawals, and they do not plan to annuitize**
- Your clients with dollars in various savings vehicles such as savings accounts, money market accounts and CDs that are not needed for current income
- Clients who have a favorite charity and want to leave a specified amount that is larger than their original contribution - the single premium may be tax-deductible
- Your customers with dollars in bonds, equities or IRAs/401(k)s who want to pass on an enhanced benefit upon death**
- Clients who own current life policies that may not be performing as expected or policies that do not include a guaranteed death benefit**
Request Your FREE Contracting Kit Today!
*Withdrawals will reduce the guaranteed death benefit. If the policy is an MEC, withdrawals will be taxed as income to the extent that there is a gain in the contract.
**Taxation normally required, based on any gain at the time of surrender or transfer. Penalties or surrender charges may apply on the existing products.

