Gleaner introduces Strategic Choice IUL®

November 17, 2017

Gleaner proudly introduces its first indexed universal life insurance product, Strategic Choice Indexed Universal Life^®, to help members expand their financial footing and improve the security of their loved ones.

Strategic Choice IUL^® offers all the benefits of traditional universal life insurance with flexible premiums and cash-value growth. The added benefit of fixed and indexed accounts provides continued growth should the market increase. Each type of account has unique benefits. By strategically allocating premiums between the two accounts, you can achieve specific financial objectives based on your individual needs.

Making the most of your premium

Here is an example of how you can use Strategic Choice IUL^® to earn annual interest on your premium allocations. A portion of the premium covers the cost of insurance and expense charges that are associated with universal life financial solutions. Of the rest, you can choose to allocate designated portions to fixed and indexed accounts.

The fixed account earns a competitive current interest rate with a guaranteed minimum of 2 percent, securing steady, stable growth. The indexed account credits interest based on the performance of the S&P 500® Index (excluding dividends) with a maximum cap rate. When the index performs well, the certificate can earn higher returns than the fixed account. When the index performs poorly, the indexed account still provides a guaranteed minimum floor rate of 0.50 percent, protecting your cash value from negative returns.

Strategic Choice IUL^® provides you with the opportunity to earn interest based on the upward movement of the S&P 500® Index but offers downside protection from a declining market. While the positive growth of the S&P 500® Index can affect your earned interest, the certificate does not participate directly in any stock, bond or equity investment.

Enjoy benefits built for all of life’s stages

Strategic Choice IUL^® will help you build assets as you build your career, protect your family from the unexpected and prepare a death benefit for your loved ones — all while taking advantage of continued growth should the market increase. Indexed universal life simplifies life’s challenges so you can focus on the things you treasure most.

Just getting started …

For someone at the start of their career and beginning stages of financial planning, you probably have limited resources. You might be concerned about the affordability of life insurance. With Strategic Choice IUL®, you get affordable coverage with flexible premiums, meaning you have the freedom to pay more now and less when you might need to. So, for those unexpected changes, like a big move, a home purchase or a new job, the extra breathing room will be there.

Growing a family …

Anyone’s financial situation can change quickly. From loss of income to losing a spouse, we never know what’s to come. But that doesn’t mean you can’t afford life insurance in order to protect you and your loved ones. Strategic Choice IUL^® offers permanent life insurance while building cash value. The flexible premiums allow you to use your certificate’s cash value to pay for your life insurance once a cash value is built up, adjusting your plan as challenges come your way. So, no matter what happens next, you’ll be covered.

Focused on retirement …

Later in life, we want our legacy to be left behind. We work hard to build a secure financial standing, and we want to know that our family will have security, too. In addition to providing an income-tax-free death benefit, Strategic Choice IUL^® offers fixed accounts that provide stable growth should the market increase. So, whether you support your loved ones now or leave a legacy to help later on, the coverage is set for a lifetime when properly funded.

Built-in Living Benefit Riders to help you through a health crisis

When you purchase Gleaner’s new indexed universal life insurance, you’re not just protecting your loved ones — you’re also preserving your financial future in case of a major health crisis. Gleaner Life’s Living Benefit Riders provide an early payout of your death benefit in case of a chronic, critical or terminal illness. It’s our way of being there for you when you need us most. Best of all, Living Benefit Riders are included at no additional premium based on underwriting*.

*Additional riders also available for additional premium based on underwriting and the age of the insured; must be purchased at issue.