This policy design is for the customer who needs life insurance but would like to have the ability to choose how their cash value is invested. Life insurance policy.
Variable policies are underwritten by National Life and distributed by Equity Services, Inc., Registered Broker/Dealer Affiliate of National Life Insurance Company, One National Life Drive, Montpelier, Vermont 05604.
Increasing the death benefit may be subject to additional underwriting approval.
Variable contracts are sold by prospectus. For more complete information, please request a prospectus from your registered representative or call 1-800-732-8939. Please read it and consider carefully a Fund’s objectives, risks, charges and expenses before you invest or send money. The prospectus contains this and other information about the investment company.
Guarantees are dependent upon the claims-paying ability of the insurer and do not protect the value of the variable product portfolios, which may fluctuate. Variable policy holders are subject to investment risks, including the possible loss of principal invested.
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Cash value grows based on the performance of the professionally managed stock, bond and money market sub-accounts that you choose. You can design a portfolio to match your comfort level and risk tolerance. Policy cash values fluctuate based on the sub accounts in which you are invested and may lose value, including principal.
Before you can purchase life insurance, you need to qualify for it.
We will ask you to provide us with information that we then use in what is called underwriting. This is the process that an insurance company uses to determine the risk of
Second, all of this information is provided to an underwriter. An underwriter is someone who is specially trained to assess your application and determine what risk, if any, may exist. Once all of your information has been reviewed, the company will either approve or deny your request. That process can take days or weeks depending on the information received.
Lastly, your agent will contact you and go over the results of your underwriting and details of your policy.
Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy's cash value in early years.
It is possible that coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.
Guarantees are dependent upon the claims-paying ability of the issuing company.
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“Standard and Poor’s®,” “S&P®,” “Standard and Poor’s 500,” and “500” are trademarks of Standard & Poor’s and have been licensed for use by Life Insurance Company of the Southwest. The product is not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in this Product. The S&P Composite Index of 500 stocks (S&P 500®) is a group of unmanaged securities widely regarded by investors to be representative of large-company stocks in general. An investment cannot be made directly into an index.
The use of trusts involves complex tax rules and regulations. Consider enlisting the counsel of an estate planning professional and qualified professional legal and tax advisors prior to implementing such sophisticated strategies.