Have you heard about National Life’s newest product launch? Peak Life was launched earlier this month and here’s the news release announcing it.
National Life Group Unveils Custom Built Life Insurance Solution Focused on Accumulation
Montpelier, VT – National Life Group is offering PeakLife Indexed Universal Life Insurance to meet the sophisticated planning needs in the mass affluent and emerging affluent markets. The product is being offered through the group’s two insurance companies, National Life Insurance Co. and Life Insurance Company of the Southwest.
PeakLife helps individuals and business owners protect what matters most, while also helping address more complex planning needs.
“Instead of going to market with a Swiss army knife and cramming a lot of features into one product, we want to have products that are more focused on a specific market or client need and PeakLife is a prime example of this,” commented Achim Schwetlick, senior vice president and head of the business innovation group at National Life Group.
PeakLife is designed to provide a death benefit as well the potential for cash value accumulation through indexed linked interest crediting strategies. “PeakLife is custom built for the emerging affluent and high net worth markets. It’s ideal for individuals seeking a well-funded policy to leave a tax-free death benefit.* And, it also meets the needs of business owners looking to fund executive benefits to attract and retain key talent,” commented Stephanie Burmester, associate vice president and actuary at National Life Group.
In addition, PeakLife Indexed Universal Life Insurance offers their suite of living benefits provided by optional, no-additional premium accelerated benefit riders that allow customers to access all or part of the death benefit during their lifetime if they experience a qualifying terminal, chronic, critical illness or injury.
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest, Addison, TX and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.
*Internal Revenue Code § 101(a)(1). There are some exceptions to this rule. Please consult a qualified tax professional for advice concerning your individual situation.
NL PeakLife Indexed Universal Life Insurance, form series ICC16 / 20413(0616), and Accelerated Benefit Riders, Form series 7490/7493/9744/ICC10-8843/8591NY/20285/ICC15-20285/20286/ICC15-20286/8765, are underwritten by National Life Insurance Company.
LSW PeakLife Indexed Universal Life Insurance, form series ICC16/20417(0616), and Accelerated Benefit Rider, form series 8052/8095/8165/ICC10-8844/ICC15-20287(0115)/ICC15-20288(0115)/20287/20288 are underwritten by Life Insurance Company of the Southwest.
Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.
Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states.
TC97362(0917)1