National Life adds new index options to SummitLife IUL

The updated crediting options allow policyholders greater choice in how their policy value can potentially grow without being directly invested in the market.

The new options, based on the Bloomberg MAVIN 10 Index, Nasdaq 100 Multi-Asset Edge 8% Index and S&P 500, offer different approaches, allowing policyholders to select an option based on their financial goals, perspective on the underlying indexes and comfort with risk.

About the New Index Crediting Options

• Bloomberg MAVIN 10 Index focuses on diversification through exposure to U.S. large-cap equities, Treasuries, the U.S. dollar and gold.
• Nasdaq 100 Multi-Asset Edge 8% Index combines exposure to U.S. large-cap technology stocks, gold and U.S. Treasuries.
• S&P 500 No Cap and 2% Floor provides broad U.S. market exposure through 500 large-cap U.S. companies.

The two new options join the existing S&P 500 Cap Focus and Participation Focus.

Policyholders can select one index or allocate policy value among multiple crediting options. Future allocations can also be updated as goals, market perspectives or financial needs change. As with other indexed universal life products, policy value is based in part on a portion of the performance of the selected index crediting option, but policyholders' money is not directly invested in the market.

“Life insurance is about protecting what matters today while helping people prepare for what is possible tomorrow,” said Mehran Assadi, chair, CEO and president of National Life Group. “SummitLife gives financial professionals more choice and flexibility to help people build stronger financial futures.”

Broader Financial Needs

SummitLife is designed to support a range of financial strategies, including wealth transfer, retirement income, premium financing, living benefits and business planning.

The product can be used for wealth-transfer strategies, retirement planning, premium-financing arrangements and business succession planning. It also includes living benefits designed to help address the financial impact of qualifying critical, chronic and terminal illnesses.

Expertise Behind Complex Cases

National Life Group said its large-case resources include:

• 20 dedicated large-case experts
• 130 underwriters with more than 250 years of combined experience
• Three- to five-business-day turnaround for informal quotes
• Support for policies exceeding $100 million through its reinsurance network
• Support from its Advanced Planning and Wealth Strategies Group
• Direct access to underwriting professionals

Financial professionals can contact their National Life Group representative for additional information.