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Help Safeguard Your Legacy for the Benefit of Your Loved Ones

Life Insurance

Looking out for the well-being of future generations or favorite causes can be a powerful motivation. And turning hard-earned assets into an even larger generally tax-free amount can be a powerful force. A universal life insurance policy such as Legacy Forward® II can be used for transferring assets to others. Provided an applicant qualifies for coverage, life insurance instantly leverages a premium into a larger, generally income-tax-free death benefit.

Legacy Forward II Single Premium Universal Life (SPUL)

If you have assets intended for gifting to others, look to Legacy Forward II. Legacy Forward II is a single premium universal life insurance policy that instantly leverages a single payment (minimum $10,000) into a larger, generally income-tax-free death benefit. You must qualify for coverage with a simple application and a few health questions. Policy decisions are delivered in just five minutes with electronic underwriting. You maintain control of your assets with the ability to take partial surrenders or loans from your policy should you need emergency funds1.

Other benefits:

  • Return of premium guarantee
  • Chronic and terminal illness conditions2
  • Available to issue ages 18-85
  • Policy and benefit provisions vary in some states3

Issuer(s): Western-Southern Life Assurance Company, National Integrity Life Insurance Company

Leave a Larger Legacy

You work hard. You save diligently for years. Naturally, you want to make sure your legacy carries forward to loved ones or a favorite charity.

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Calculate Your Legacy

What’s the best way to pass a legacy forward?
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1Withdrawals may be subject to charges, withdrawals of taxable amounts are subject to ordinary income tax, and, if taken before age 59½, (may be subject to a 10% IRS penalty) and loans (e.g., interest is charged on loans, they may generate an income tax liability, reduce the Account Value and the Death Benefit, and may cause the policy to lapse. Keep in mind that cash value may take years to accumulate unless a large premium is paid up front.

2Accelerated Death Benefit not available to issue ages 81-85. Payment of Accelerated Death Benefits. if not repaid, will reduce the Death Benefit and affect the available loan and other policy values. Terminal illness means diagnosis of less than 12-month life expectancy. Chronic illness benefit available for issue ages 55-80. Chronic illness means the insured has been unable to perform without substantial assistance, at least two of the six Activities of Daily Living (bathing, dressing, toileting, continence, transferring and eating) for a period of at least 90 consecutive days due to a loss of functional capacity, or requires substantial supervision to protect themselves from threats to health and safety due to severe cognitive impairment.

3Policies underwritten by Western-Southern Life Assurance Company, Cincinnati, OH, or National Integrity Life Insurance Company, White Plains, NY. Western & Southern Life operates in DC and all states except NY, where National Integrity operates. NAIC numbers 92622 & 75264. W&S Financial Group Distributors, Inc. (doing business in CA as W&S Financial Insurance Services) is an affiliated life insurance agency of the issuer. The issuer has sole financial responsibility for its products. All are members of Western & Southern Financial Group.

Legacy Forward II product and feature availability varies by state. Single Premium Universal Life Policy series ICC12 1301-3030 WSA, ICC12 1301-3030 NIL and 1301-3030 NIL NY and rider series ICC12 1301-305 WSA, ICC12 1301-305 NIL, 1301-305 NIL NY, ICC12 1301-2626 WSA, 1301-2626 WSA, ICC12 1301-2626 NIL, ICC10 1010-2622 WSA, ICC11 1010-2622 NIL, 1010-2622 NIL NY and 1301-2626 NIL NY.

Policy and premium charges will be deducted as described in the policy. The policy may be issued as a Modified Endowment Contract (MEC) for tax purposes. Any withdrawals or surrenders could result in a taxable event. Distributions are taxable to the extent that there is gain in the contract. A 10% penalty applies for distributions prior to age 59½ with certain exceptions. In order for policies funded by an exchange to be issued as a non-MEC, the entire single premium must be in the form of a 1035 Exchange and the existing policy must not be a MEC.

Western & Southern Financial Group member companies and their agents do not offer tax advice. For specific tax information, contact your attorney or tax advisor.

W&S Financial Group Distributors is an affiliated agency of the issuer. Issuer has sole responsibility for its products.

Products may not be available in all states. For complete coverage information and product availability, contact your financial representative.

No bank guarantee. Not a deposit. May lose value. Not FDIC/NCUA insured. Not insured by any federal government agency.