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Legacy Forward® II Beneficiary Calculator

See how Legacy Forward II can benefit you … and your heirs. A few quick clicks can help you and your financial professional compare and contrast asset transfer advantages.

Step 1: Calculate Life Insurance Benefit

Legacy Forward II

Required Fields*

Death Benefit

This is the gift to your beneficiary, guaranteed, when you pass away.

$0

Return of Premium

This is the cash value if the insured decides to withdraw their funds (policy ends).

$0

Next, compare your estimated Legacy Forward II life insurance benefit with legacy planning using taxable or tax-deferred assets.

Help make sure the people and causes you love are provided for.

Meet Legacy Forward II: Single-premium, universal life insurance that helps you plan for the future.

  • Use the calculator to explore protection estimates
  • Use the calculator to compare planning alternatives
  • Consider your legacy needs and goals

Step 2: Compare to Taxable and Tax-Deferred Assets

Taxable Assets

Required Fields*

Benefit Match

How long until accumulated taxable assets may equal the death benefit of Legacy Forward II.

0 Years

Cash Value at Year 5

Based on interest accruement.

$0

Tax-Deferred Assets

Required Fields*

Benefit Match

How long until accumulated tax-deferred assets may equal the death benefit of Legacy Forward II.

0 Years

Cash Value at Year 5

Based on interest accruement.

$0

Step 3: Get a copy of your results

Beneficiary Gift Planning Worksheet

Save a copy of your results. Consider how turning a single payment now into a higher future legacy gift could help pay final expenses, or, benefit loved ones, a charity or place of worship.

Review the information in this calculator with your financial professional as you discuss your legacy planning needs.

Help make sure the people and causes you love are provided for.

Meet Legacy Forward II: Single-premium, universal life insurance that helps you plan for the future.

  • Use the calculator to explore protection estimates
  • Use the calculator to compare planning alternatives
  • Consider your legacy needs and goals
IMPORTANT DISCLOSURES
Information entered and displayed in this calculator will not be retained or shared. Your email address is used to deliver the calculator worksheet PDF when requested, and will not be collected, retained, shared or otherwise used by Western & Southern Financial Group.

This calculator stores a self-help tool and is not intended to provided financial advice or product recommendations. The calculations on this page provide an estimated life insurance death benefit and hypothetical taxable and tax deferred account values are for illustrative purposes only, and are not guarantees of future results. Review the information in this calculator with your financial professional and consult your attorney and tax advisor regarding your universal financial situation. Western & Southern member companies and its agents do not offer legal or tax advice.

Various financial products may have different purposes, benefits, terms and conditions. When comparing types of accounts available for transferring assets, it is important to consider your accessibility to the account value for personal needs. Legacy Forward II is designed for asset transfer, with the primary purpose of providing a guaranteed death benefit to the policy owner’s named beneficiary(ies) at the insured’s death. The policy owner has access to the policy’s cash value (return of premiums paid) while the insured is still living. This guarantee terminates if a policy load or accelerated death benefit advance is taken, and additional restrictions, charges, tax penalties and conditions may apply.

About Legacy Forward II: Legacy Forward II is a single premium universal life insurance policy issued and guaranteed by Western Southern Life Assurance Company, Cincinnati, OH, operating in DC and all states except NY, where National Integrity Life Insurance Company, Greenwich, NY, operates. W&S Financial Group Distributors, Inc. is an affiliated agency of the insurer. All are members of Western & Southern Financial Group.

Product and feature availability varies by state. Single premium universal life insurance policy series: ICC12 1301-3030 WSA, ICC12 1301-3030 NIL and 1301-3030 NIL NY.

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.

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

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