LIFE INSURANCE
Term life insurance
Term life insurance provides coverage for a predetermined amount of time, typically between 1 – 35 years. Death benefit will payout if the policyowner passes away within the term of the policy.
- Cost effective option for young growing families or individuals looking for more affordable coverage
- There is no guarantee of renewal when the term ends; however, certain term policies may allow for an option to renew
- Goal Builder offers the most inexpensive term insurance on the market
Return of Premium Term
Goal Builder also offers a compelling Return of Premium (ROP) term insurance policy which returns all contributed premiums if the insured outlives the term period.
- Premium returns can start as early as the second year
- Protection in place if needed and return of premium investments if not
Indexed Universal Life
Indexed Universal Life (IUL) is a permanent policy similar to a traditional UL policy through its flexibility of premium and death benefit; however, it also features a higher growth potential through index interest crediting. The policyowner has the ability to choose a percentage of the cash value to invest within specified “indexes” (such as the S&P 500 or Nasdaq 100) to increase the chances of larger returns.
- Can act as a savings vehicle in which the insured may benefit from the upside potential of market gains
- Indexed accounts protect the insured from market decline with a guaranteed floor
- Policy illustrations provide the policyowner with historical data to assist with making informed decisions on which markets to invest in
- Cash value can grow tax-deferred
- Can be structured to include living benefits, allowing the policyowner to access the face amount of the policy to cover expenses related to critical, chronic, or terminal illness, as well as long-term care needs
