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| Summary Year/Age | Projected Values at Guaranteed Credited Rate* and Guaranteed Deductions | Non-Guaranteed Projected Values at Midpoint Illustrated Rate* and Midpoint Deductions** | Non-Guaranteed Projected Values at Alternate Scale Illustrated Rate* and Current Deductions | Non-Guaranteed Projected Values at Current Illustrated Rate* and Current Deductions |
|---|---|---|---|---|
Protection
Growth Potential
Offers consistent, positive growth through its fixed interest rates.
It might be right for you if you want:
Flexibility
The accelerated benefit provides a benefit should you become terminally ill, as defined in the policy.
There may be an administrative fee charged at the time of advance. Refer to the policy for specific requirements and limitations.
Indexed Account Offers the potential for greater account value growth because it is linked to the performance of the S&P 500 (R) Index.
It might be right for you if:
The Indexa Pro IUL allows flexible premium payments, which means you can adjust the amount of premium you pay (within limits) if your financial needs change.
Premiums may be increased, decreased, skipped, or stopped altogether if there is enough cash surrender value.
You make a premium payment. A premium expense charge is deducted.
With each premium payment, your cash value grows.
You can access your cash value through withdrawals and loans. This could be used for unexpected expenses or as an emergency financial resource.
The policy’s death benefit is paid to your beneficiaries tax-free.At the end of the year, the index change rate (in the example above) equals 3.25%, which will be multiplied by the participation rate (determined by the company) to get the indexed interest rate.
For example, if the participation rate were 125%, the indexed interest rate for this policy year would be 4.06% (125% of 3.25%).
| End of Year | Monthly Average Index Performance | Hypothetical Credited Rate |
|---|
| Month | Index Closing Value | Twelve Month Cumulative |
|---|
| Account | Illustrated Premium Allocation | Guaranteed Credited Rate | Alternate Scale Illustrated Rate | Illustrated Rate |
|---|---|---|---|---|
| S&P 500® | 100% | 0% | 3.00% | 6.10% |
| Fixed | 0% | 2.00% | 3.00% | 3.00% |
| Projected Values at Guaranteed Credited Rate and Guaranteed Deductions | Non-Guaranteed Projected Values at Alternate Scale Illustrated Rate and Current Deductions | Non-Guaranteed Projected Values at Illustrated Rate and Current Deductions | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| End of Policy Year | Age | Annual Premium Outlay | Account Value | Cash Surrender Value | Death Benefit | Account Value | Cash Surrender Value | Death Benefit | Account Value | Cash Surrender Value | Death Benefit |
| Projected Values at Guaranteed Credited Rate and Guaranteed Deductions | Non-Guaranteed Projected Values at Alternate Scale Illustrated Rate and Current Deductions | Non-Guaranteed Projected Values at Illustrated Rate and Current Deductions | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| End of Policy Year | Age | Annual Premium Outlay | Account Value | Cash Surrender Value | Death Benefit | Account Value | Cash Surrender Value | Death Benefit | Account Value | Cash Surrender Value | Death Benefit |
| Projected Values at Guaranteed Credited Rate and Guaranteed Deductions | Non-Guaranteed Projected Values at Alternate Scale Illustrated Rate and Current Deductions | Non-Guaranteed Projected Values at Illustrated Rate and Current Deductions | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| End of Policy Year | Age | Annual Premium Outlay | Account Value | Cash Surrender Value | Death Benefit | Account Value | Cash Surrender Value | Death Benefit | Account Value | Cash Surrender Value | Death Benefit |
| S&P 500® Indexed Account | Fixed Account |
|---|---|
| 100% | 0% |
This illustration is intended to assist in understanding how the policy works, not to predict actual performance. Actual results will be different from and may be more or less favorable than those shown in this illustration.
The values and benefits are calculated using the age and gender and the risk class or special rating shown in the illustration to determine the policy charges deducted. If a different risk class or a special rating is assigned during the underwriting process, it will affect the actual values and benefits.
CHANGES TO THE CURRENT INTEREST RATE OR POLICY CHARGES MAY RESULT IN ADDITIONAL PREMIUM PAYMENTS BEING REQUIRED TO KEEP THE POLICY IN FORCE.
This policy matures for its Cash Surrender Value at the policy anniversary following the proposed primary insured’s 121st birthday. The Death Benefit is adjustable. The Account Value and Cash Surrender Values are based on the amount and timing of the net premium payments, monthly deductions, interest credited to the policy, partial surrenders, and charges for policy changes. Interest rates are subject to change. The credited interest rate is guaranteed never to be less than 2% for the fixed account and 0% for the indexed account(s). Charges are guaranteed not to exceed the maximums listed in the contract. The non-guaranteed elements of the policy are described on the following pages.
This is a life insurance product and does not represent an investment in the stock market. Premium directed to any indexed account does not directly participate in any stock or investments.
The life insurance policy being considered is an individual life insurance policy and allows Flexible Premium payments to age 121.
The sum of the net premiums paid, plus interest credited, less monthly deductions, partial surrenders, and charges for policy changes since the policy effective date.
This life insurance policy contains a table of Surrender Charges. These charges vary by Policy Year and are deducted from the Account Value in the event of a policy surrender. Surrender Charges are based on the specified amount, risk class, age, gender, and country of residence at the time the policy is issued. Partial surrenders are limited to two in any Policy Year, each subject to a $25.00 fee. The Surrender Charges are deducted from the total Account Value, proportionally across the fixed account, holding account and indexed account(s), unless otherwise specified and approved by the company.
The amount received if the policy were to be surrendered. The Cash Surrender Value is the Account Value less the total applicable Surrender Charge and any debt to us.
There are two Death Benefit options: option A (level Death Benefit equal to the specified amount) or option B (increasing Death Benefit equal to the sum of the specified amount and the Account Value). The Death Benefit is always reduced by the amount of any partial surrenders and/or debt to us.
The Death Benefit may differ from the specified amount for the following reasons:
1. Option B (increasing Death Benefit) has been selected as the Death Benefit option.
2. The Death Benefit payable may never be less than the Account Value plus a specified percentage of the specified amount at the time of death. This percentage varies from 90% to 0% depending on age.
3. The Death Benefit shown in the illustration will include the benefit amount from the Level Term Insurance Rider on the proposed primary insured, if attached.
The period of time a segment exists. For year one of the segment, the Segment Term is from the segment start date to the first segment anniversary. For every year thereafter, the Segment Term is from segment anniversary to segment anniversary.
The percentage change in the value of an index during the Segment Term. It is equal to (a) minus (b), the result divided by (b), expressed as a percentage, where:
(a) is the average of the closing values on the last business day for each calendar month of the index during the Segment Term and
(b) is the closing value of the index on the last business day for the calendar month prior to the segment start date or subsequent segment anniversary.
The minimum interest rate that may be used to credit an indexed account segment. The Guaranteed Minimum Floor Rate for any indexed account is 0%.
The maximum interest rate that may be used to credit an indexed account segment. We will declare the Segment Cap Rate periodically. The Segment Cap Rate for any indexed account is guaranteed to be at least 3%.
The percentage of the Index Change Rate that is used in calculating the Segment Indexed Interest Rate. The minimum Segment Participation Rate is guaranteed to be at least 40%. We may declare a higher Segment Participation Rate.
Based on the Index Change Rate, adjusted for the Segment Participation Rate, subject to the Segment Cap Rate and Guaranteed Minimum Floor Rate.
Any applicable Additional Interest will be shown in the Non-Guaranteed Projected Values and will be in addition to the current rate credited to the fixed and/or indexed account(s). The current Additional Interest illustrated is 0.35% starting in Policy Year 7.
This column reflects which Policy Year is being illustrated. Notice that corresponding projected values are end of year values.
This column is the actual age of the proposed primary insured at the end of the corresponding Policy Year.
This column reflects the sum of periodic premium payments planned to be made each Policy Year. Monthly deductions will continue even if there is no Annual Premium Outlay. Depending on the actual non-guaranteed policy performance, the policy may need to continue or resume Annual Premium Outlays to maintain benefit levels.
This illustration is based on the premiums that have been planned to be paid. Premiums are assumed to be received on the first day of any payment period. Payment of a different amount or at a different time will affect the actual values and benefits.
The values in these columns assume that the guaranteed maximum monthly deductions, guaranteed maximum premium expense charges and the guaranteed credited rate remain in effect for the duration of the policy.
The guaranteed interest is 2.00% for the fixed account and 0% for the indexed account(s). The credited rates used in this illustration reflect the Illustrated Premium Allocation election, as shown on the Tabular Detail.
The values in these columns assume the fixed account current credited rate of 3.00%. These values assume that the non-guaranteed current monthly deductions, current premium expense charges and the current credited rate remain in effect for the duration of the policy.
The values in these columns assume that the non-guaranteed current monthly deductions, current premium expense charges and the current illustrated rate remain in effect for the duration of the policy. These values are not guaranteed and are subject to change. The credited rate currently being credited is 3.00% for the fixed account and the rate illustrated for the indexed account(s) is based on the current index parameters as shown on the Tabular Detail. The values shown assume these rates will remain in effect through the duration of the policy. Actual rates may be higher or lower, but will never be less than the guaranteed rate. Monthly deductions and other policy charges are subject to change but can never exceed the maximums guaranteed in the contract. The illustrated rates used in this illustration reflect the Illustrated Premium Allocation election, as shown on the Tabular Detail.
Riders provide additional benefits that are not available through the policy. Note that riders that have a monthly charge will reduce the values otherwise available under the policy without the rider. The following riders are included in this illustration.
This rider applies the rider benefit amount as premium to the Account Value if the proposed primary insured is totally disabled for at least 6 months, as defined in the rider, and disability begins prior to age 60.
Rider will terminate at the proposed primary insured’s age 60.
This rider provides a monthly income if the proposed primary insured becomes totally disabled, as defined in the rider. The disability must begin prior to the policy anniversary following age 60. After the policy anniversary following age 60, a monthly income for long term care will be paid if the proposed primary insured is chronically ill (unable to perform at least four of the six activities of daily living), as defined in the rider. Total disability or chronic illness must continue for at least 180 days. The monthly income will be paid for a maximum of five years as long as the proposed primary insured remains disabled or chronically ill.
Rider will terminate the earlier of the date the maximum benefit is paid, the policy terminates, or the proposed primary insured turns age 100.
This rider provides coverage upon the death or dismemberment of the proposed covered person prior to age 70 if such death or loss results from accidental causes, as defined in the rider.
Rider will terminate at the proposed covered person's age 70.
FirstName LastName, Age 40, Male, Standard Non-Nicotine, $50,000
Pepita Perez, Age 25, Female, Standard Non-Nicotine, $50,000
This rider provides level term insurance on each proposed insured child to age 25. Rider will terminate at the earlier of age 25 for each proposed insured child or when the policy terminates.
Juan, Age 18, $10,000
Riders provide additional benefits that are not available through the policy. Note that riders that have a monthly charge will reduce the values otherwise available under the policy without the rider. The following riders are included in this illustration.
This rider provides level term insurance for a proposed covered person. This rider will terminate on the earlier of the proposed covered person's age 121 or when the policy terminates.
Pepita Perez, Age 25, Female, Standard Non-Nicotine, $50,000
This illustration summarizes the guaranteed and non-guaranteed elements of your policy. Please review the illustration carefully. It assumes that the illustrated non-guaranteed elements based on current assumptions will continue unchanged for all the years shown. However, this is not likely to occur and actual results may be more or less favorable than those shown. The projections shown are our best estimate of future experience. All values shown are based on the assumption that premiums have been paid for the number of years stated. Do not cancel or allow any other insurance coverage to lapse until you have reviewed the illustration and policy and have determined they are satisfactory to you. If you have any questions regarding the information in your illustration please contact us at Life-Salessupport@americanfidelity.com.
I have received a copy of the illustration and understand that any non-guaranteed elements illustrated are subject to change and could be either higher or lower. I have been informed they are not guaranteed.
The "S&P 500" Index is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by American Fidelity International Ltd. (the "Company"). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by the Company. The Flexible Premium Adjustable Indexed Universal Life Insurance Policy (the "Product") is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product particularly or the ability of the S&P 500 Index to track general market performance. S&P Dow Jones Indices only relationship to the Company with respect to the S&P 500 Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 Index is determined, composed and calculated by S&P Dow Jones Indices without regard to the Company or the Product. S&P Dow Jones Indices has no obligation to take the needs of the Company or the owners of the Product into consideration in determining, composing or calculating the S&P 500 Index. S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the Product or the timing of the issuance or sale of the Product or in the determination or calculation of the equation by which the Product is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Product. There is no assurance that investment products based on the S&P 500 Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE COMPANY, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.