Easy Choice Legacy^® Single Premium Whole Life Insurance

You worked hard for your money. Perhaps you’d like to leave a legacy with it to your children, grandchildren or a charity. 

Well, here’s a test. If you could, which would you rather pass on to others? $50,000 … OR … $108,117? It’s not a trick question. Most would like to leave more if they could.  

Well, there’s a product that can turn $50,000 into more than $108,000 and it passes federal income tax free!  
Subject to approval. Standard underwriting, 63-year-old non-smoking female, $50,000 premium, 8/28/2019. Passing income tax free can vary per person.  

This is just one example, but you can increase the amount of your legacy benefit, guaranteed, in a few steps.

How? Well, it’s actually a life insurance policy called Legacy Master. 
Some policy benefits are mutually exclusive. Loans, withdrawals and advances reduce death benefit and surrender value and may cause policy to lapse. Lapse or surrender with an outstanding loan may result in taxable income. Surrender charges may apply.

We designed it specifically for tax efficient asset transfer needs like yours. Your beneficiary receives the money in the form of the policy’s guaranteed death benefit.
Legacy Master Single Premium Whole Life Insurance Policy (Single Premium Universal Life or Single Premium Universal Whole Life Policy in some states)

And there are benefits for you, if you need them. Legacy Master allows access to your money if you suffer a chronic or terminal illness. While we know you want to leave your legacy, we also realize you may need some or all of this money if you become chronically ill. You can access from 50 to 90% of your policy’s death benefit and possibly still have remaining death benefit to leave to your loved ones. And, you can access from 60 to 90% of the policy’s death benefit if you are diagnosed with a terminal illness.

Plus it all has a guaranteed cash value. That’s extra peace of mind for you.

So if you’d like to see if you can leave a larger legacy, see your financial representative today.  It only takes a few minutes to find out more about Legacy Master and start considering if it might be a good fit for your legacy gifting plans. 

W&S Logo, policy series ICC19 1901-3030 WSA and ICC18 1808 2621 WSA. Western-Southern Life Assurance Company, Cincinnati, Ohio, operate in DC and all states except NY. Western and Southern Life Assurance Company does not provide tax or legal advice. Please contact your tax or legal advisor regarding your situation. These policies and benefits may not be available in all states, and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

Living benefits are accessed through an advance of the policy’s death benefit, provided the insured meets eligibility requirements under the applicable rider. An advance is treated as a lien secured by the death benefit of the policy and will reduce the death benefit payable if not repaid. The advance will accrue interest each year. The rate of interest will depend on the cash value of your policy and may vary. The lien may be increased if necessary to keep your policy in effect. This rider is added at no additional premium; however, we may charge a fee of up to $250 for an advance payment.

Life insurance proceeds paid in the form of an accelerated death benefit when the insured has become chronically or terminally ill, and is otherwise eligible for benefits, are intended to receive favorable tax treatment under Section 101(g) of the Internal Revenue Code (26 U.S.C. Sec. 101(g)). There may be tax consequences in some situations in accepting an accelerated benefit payment amount, such as where total payments exceed the per diem limitation under the Internal Revenue Code. Consult your tax advisor before taking an advance. The taking of rider benefits may affect eligibility for certain public assistance programs and government benefits.

This is a life insurance benefit that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the policy. This policy does not provide long-term care insurance subject to California long-term care insurance law. This policy is not a California Partnership for the long-term care program policy and is not a Medicare Supplement policy. 

An accelerated death benefit is not to be sold as or to replace long-term care insurance, nursing home insurance or home care insurance. An accelerated death benefit (such as the Accelerated Death Benefit Plus Rider) and long-term care insurance provide very different kinds of benefits.

Product features differ between long-term care insurance and life insurance accelerated death benefit riders. Accelerated death benefit riders pay an unrestricted advance of a portion of the life insurance death benefit when the insured experiences terminal or chronic illness as defined in the rider. You do not have to show incurred care expenses associated with an accelerated death benefit. The maximum benefit payable is based on the policy’s cash value and face amount. Any advance paid will reduce the death benefit of the policy. Long-term care policies or riders, on the other hand, pay benefits based on expenses incurred by the policyholder at issue. Long-term care insurance is a stand-along insurance policy or a rider designed to pay for the cost of long-term care services. Long-term care insurance may include coverage for such qualifying events as institutional care, care in a nursing home or skilled nursing facility, home care coverage, hospice care, respite care or community care.