TEXAS If leaving a legacy is important to you, the Standard Life Classic Elite Single Premium Whole Life product may be right for you. The Standard Life Single Premium Whole Life product has the desirable features of whole life insurance such as guaranteed cash values, guaranteed face amount and a tax-favored death benefit; plus living benefits for the insured. For a minimum single premium payment of $5,000, your beneficiaries can receive a legacy free from ordinary income tax and avoid the inconvenience of probate. Policy loans are available to cover unexpected needs and the policy matures at the insureds age 121*, eliminating any worry about outliving your insurance. In the event of confinement to an eligible extended care facility, your policy can provide you with a portion of the contracts death benefit as a living benefit. Our Single Premium Whole Life product also guarantees cash values throughout the life of the policy. In a life of uncertainties, its nice to know that some things come with guarantees. Trust your legacy to the Classic Elite Single Premium Whole Life product from Standard Life Features and Benefits: Single Premium The Classic Elite requires a minimum single premium payment of just $5,000. Tax-Free Death Benefit Your beneficiaries receive a legacy free from ordinary income tax and the inconvenience of probate.1 Guaranteed Cash Values The Classic Elite guarantees cash values throughout the life of the policy. Available Policy Loans Your guaranteed values are available should you need to borrow cash to respond to an opportunity or meet an emergency. The death benefit is unchanged as long as the policy loan and interest are repaid in full while the policy is in force.2 Guaranteed Death Benefit Be at ease knowing that your single premium provides you with a guaranteed death benefit.3 Maturity Age 121 Because the Classic Elite Single Premium Whole Life product matures at the insureds age 121, you never have to worry about outliving your policy. Accelerated Death Benefit Should you become terminally ill or permanently confined to an eligible facility, your Classic Elite policy may provide you with a portion of the contracts death benefit as a living benefit. The initial benefit under this rider will equal 75% of the death benefit paid in a lump sum or in four semi-annual payments.4 Financial Security Your Classic Elite single premium whole life insurance policy is backed by the financial strength of Standard Life and Accident Insurance Company, Galveston, Texas. 1 Under Federal law, proceeds are generally held to be tax free. 2 The total debt against the policy at any time cannot exceed the cash value at that time. 3 Provided that you did not take any loans or accelerated death benefits from the policy during your lifetime. 4 Rider 3600 is not available in all states. *Life Insurance proceeds have been held by the IRS to be non-taxable to age 100. No determination has been made by the IRS for death benefits paid after age 100. Policy Form 3400 availability will vary by state. The policy has exclusions and limitations. For costs and complete details of the coverage, see your policy for details or call the Company or your Agent. Standard Life and its representatives do not give legal, tax or accounting advice. If you need such advice, consult your attorney, accountant or personal tax advisor. Standard Life does not offer to sell, nor solicit an offer to buy any insurance product in any jurisdiction in which the Company is not authorized to do business or the product is not approved.
Posted on: Tue, 18 Feb 2014 18:06:20 +0000
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