National Life Group Introduces Lifetime Income Option on Indexed Universal Life (IUL) Products
January 6, 2011 by Jenna Simanskas
Montpelier, VT – January 5, 2011 – National Life Group member companies, National Life Insurance Company and Life Insurance Company of the Southwest, introduce the Lifetime Income Benefit Rider (LIBR) – the only lifetime income option on top performing Indexed Universal Life (IUL) products in the industry.
National Life Group provides death benefit protection, valuable living benefits through Accelerated Benefit Riders and now, a revolutionary lifetime income option with LIBR, which can provide policy owners with a guaranteed stream of income for life.
“This new option changes the face of life insurance,” explains Matt DeSantos, Vice President of Marketing and Business Development for National Life Group. “It gives clients more than just death benefit protection, allowing them to meet their multiple needs with one solution.” Once certain conditions have been met, and the rider is exercised, the policy owner will receive an income stream for life – money they cannot outlive. Conditions include but are not limited to the insured’s attained age being between age 60 and 85, and that the policy has been in force at least 15 years. Insufficient policy values or outstanding policy loans may also restrict exercising the rider.
To learn more about the Lifetime Income Benefit Rider or the complete product portfolio and services offered by the companies of National Life Group, please contact the Life Sales Desk at 800-906-3310, Option 2 or visit www.NationalLife.com.
Ultra Select Indexed Universal Life insurance, form series 8385/8385ID(1206) and the Lifetime Income Benefit Rider (form series 8865) are underwritten by National Life Insurance Company, Montpelier Vermont. SecurePlus Paragon Indexed Universal Life Insurance, form series 8387/8387ID(0606) and the Lifetime Income Benefit Rider, form series 8866 are underwritten by Life Insurance Company of the Southwest, Dallas Texas. The above products and/or optional riders are not available in all states. Exercising the rider and receiving an income benefit will reduce the policy’s cash value and death benefit and may terminate other riders or reduce their benefits. There is an annual charge from the accumulated value during the income benefit payment period. Guarantees are dependent upon the claims-paying ability of the issuing company.
National Life Group® is a trade name of National Life Insurance Company and its affiliates. Each company of the National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is licensed to do business in 49 states and the District of Columbia. It is not licensed to do business in New York. National Life Insurance Company is licensed to do business in all 50 states and the District of Columbia.
Click Here for More Information About National Life Group – https://www.nationallife.com/public/nlg/libr_disclosure.asp
Media Contact:
Jenna Simanskas
802-229-3473
jennasimanskas@nationallife.com
