Exclusive IUL features strong death benefit and accelerated access for critical or terminal illness
Petaluma, CA, September 24, 2012—Legacy Marketing Group® announces the launch of the highly anticipated SecureMasterSM single premium indexed universal life product. This exclusive new IUL—designed and marketed by Legacy Marketing Group® and issued by Fidelity & Guaranty Life Insurance Company—features a strong income tax-free death benefit; accelerated benefits for critical or terminal illness, with no additional monthly cost; simplified underwriting; and a 10% premium bonus to jump-start earnings. Other consumer-friendly features include better-than-average growth potential, guaranteed return of premium, no-lapse guarantee to age 110, and available loans after the first policy year.
Policyholders concerned about unplanned financial needs have the security of knowing they can access up to 100% of the death benefit for a qualifying critical or terminal illness. There is no additional monthly cost for these riders, making them an extreme value. In addition, policyholders can rest assured their guaranteed surrender value will never be less than 100% of the net premiums paid and that they can take loans up to the cash surrender value any time after the first policy year. With SecureMaster’s simplified underwriting, qualifying for a policy can be fast and easy. An application with a brief telephone interview helps provide a quick decision.
Interest crediting options available to SecureMaster policyholders cover a range of retirement needs—from more upside potential to predictable growth. A fixed rate and three indexed options based on performance of the S&P 500® Index are available—including one option with 140% participation rate. No matter what interest crediting option(s) policyholders choose, interest credited will never be less
“We are excited to be back in the life business and on the cutting edge of indexed universal life design,” said Preston Pitts, Legacy’s President. “With 35 million U.S. households having no life insurance at all,1 there’s never been a more important time to launch this product. With accelerated living benefits as well a strong death benefit, SecureMaster can help consumers live today and secure tomorrow.”
SecureMaster IUL is available exclusively through Legacy-contracted Producers in 41 states.
About Legacy Marketing Group®
Legacy Marketing Group partners with respected insurance companies to design and market innovative products for the U.S. fixed annuity and life insurance market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents.
Legacy Marketing Group
Gretchen Barry, Communications Director, 800-395-1053, Ext. 6801
SecureMaster single premium indexed universal life insurance policy is issued by Fidelity & Guaranty Life Insurance Company, Baltimore, MD; product distributed by Legacy Marketing Group®. Subject to state availability. Products, features, and riders are not approved or available in all states; certain restriction, conditions, charges, and state variations may apply. Consult the contract for more detailed product information. Form Nos: ICC12-LPI3001(05-12) and LPI-3012(05-12), et al.
1.“Ownership of Individual Life Insurance Falls to 50-Year Low, LIMRA Reports” LIMRA (August 30, 2010).