Summit Indexed Universal Life Insurance

Flexible coverage with growth potential

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What is Summit Indexed Universal Life Insurance?

Our Summit Indexed Universal Life (IUL) insurance provides lifelong protection along with the opportunity to build cash accumulation value over time. Instead of investing directly in the market, the policy earns interest based on the performance of a market index. This structure offers growth potential while helping shield the policy from market volatility.

This type of policy is designed with flexibility so you can adjust premium payments within the policy guidelines as your financial needs change. By combining long-term coverage with the opportunity to grow accumulation value, Indexed Universal Life insurance can be a great option for you and your family’s needs.

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What Summit Indexed Universal Life Insurance Pays

An Summit Indexed Universal Life Insurance (IUL) policy includes a Death Benefit, which provides financial protection for your loved ones when the insured passes away.

The death benefit is generally paid to the beneficiaries listed on the policy and can help them:

Cover living expenses, debts, or other financial obligations
Maintain their standard of living
Plan for education or long-term goals

The death benefit amount is determined by the coverage selected and the terms of the policy. Policy values and benefits are subject to the conditions and provisions outlined in the insurance contract.

This information is provided for general understanding only and does not guarantee specific outcomes. All benefits are subject to the policy’s terms, limitations, and applicable laws.

How it Works

Premiums

Premium payments are invested at the start of every segment. A portion of each payment goes toward some of the expenses associated with your policy.

Interest

The balance earns indexed interest, which is to the account value at the end of every segment, allowing for compound growth.

Protection

The crediting strategies include protection to help build your account value from market losses.

Accessing Your Funds

As your cash value grows, it becomes liquid. Access to funds can be made through policy loans, withdrawals, or surrender of the policy, subject to the terms and conditions of the contract.

Arrows going out of cash value representing accessing funds policy loan policy withdrawal or surrender coming out

Interest Crediting Strategies

Summit Indexed Universal Life Insurance offers two crediting strategies, allowing for account value accumulation at a fixed rate or based on index performance, according to your preferences.

Strategies	Description
Annual Point-to-Point with Cap Rate Index-Linked	This strategy credits interest based on the returns of the S&P 500, up to a specified maximum, or cap rate. For example, if the cap is 6% and the index grows by 4%, we will credit you 4% interest. On the other hand, if the index grows by 7%, we would only credit you 6% interest.
Annual Fixed Rate Steady Growth	Our Summit Indexed Universal Life Insurance offers a fixed interest strategy that provides guaranteed interest independent of the equity market. In times of market volatility, you can rest assured that you are still earning interest at a guaranteed rate.

Strategies

Description

Annual Point-to-Point with Cap
Rate
Index-Linked

This strategy credits interest based on the returns of the S&P 500, up to a specified maximum, or cap rate.

For example, if the cap is 6% and the index grows by 4%, we will credit you 4% interest. On the other hand, if the index grows by 7%, we would only credit you 6% interest.

Annual Fixed Rate
Steady Growth

Our Summit Indexed Universal Life Insurance offers a fixed interest strategy that provides guaranteed interest independent of the equity market. In times of market volatility, you can rest assured that you are still earning interest at a guaranteed rate.