Whole Life
Strong guarantees provided by the issuer, cash value and valuable protection for loved ones – whole life insurance provides them all. Whole life is permanent insurance with a level death benefit. Its tax-free protection is guaranteed as long as you pay the scheduled premium without accessing the policy cash values. Should a need for funds arise, policy loans allow you access to the cash value for any purpose.
Refer to the toolkit below for additional information about each product.
Legacy ForwardIssuers:
Western-Southern Life Assurance Company
If you have assets intended for gifting to others, look to Legacy Forward®. Legacy Forward is a single premium interest sensitive whole life insurance policy that instantly leverages a single payment (minimum $10,000) into a larger, income tax-free death benefit. You must qualify for coverage with a simple application and few health questions. Policy decisions are delivered in just 5 – 15 minutes. You maintain control of your assets with the ability to take partial surrenders or loans from your policy should you need emergency funds. Other benefits, such as a return of premium guarantee, and access to your assets for hospital stays or terminal illness, are also included. Available to ages 18-80.
Legacy MasterIssuers:
Western-Southern Life Assurance Company
Life insurance is a tax-efficient method for transferring assets to your loved ones or a favorite charity. With Legacy Master®, a single premium whole life insurance policy, you can turn a single payment into an instantly larger, income tax-free death benefit that bypasses the delays of probate. Legacy Master is a fully-underwritten policy that requires approval of an application and provided health information. Available for ages 0-85, Legacy Master has a low minimum premium of only $5,000.
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Legacy Forward:
Policy series ICC10 1010-3030 WSA, 1010-3030 WSA, and rider series ICC10 1010-305 WSA, 1010-305 WSA, ICC10 1010-2622 WSA, and 1010-2262 WSA. Policy and rider provisions and availability may vary by state.
This policy may not mature if indebtedness exceeds current cash value. This policy is a Modified Endowment Contract (MEC) for tax purposes. 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.
Legacy Master:
Policy series 0701-3030 WSA; in ID, series 0701-3030 WSA ID.
We will not pay any benefits if the insured dies as a result of suicide within two years from the policy date (one year in CO and ND). If the policy is in force at the time, we will return the single premium paid less (1) any indebtedness and (2) any partial surrender amounts.
In Missouri: We will not pay any benefits if the insured dies by suicide within two years from the policy date and if we can show that the insured intended suicide when he or she applied for the policy. If the policy is in force at that time, we will return the single premium paid.
Policies issued and underwritten by Western-Southern Life Assurance Company, Cincinnati, OH. Western & Southern Life operates in DC and all states except AK, ME, NH, NY and RI. W&S Financial Group Distributors is an affiliated agency of the issuers, which have sole responsibility for their products. Western-Southern Life Assurance Company is a member of Western & Southern Financial Group. Western-Southern Life Assurance Company does not give legal or tax advice. Any discussion of federal taxes in this literature is not intended to be complete or to cover all situations. The comments are general in nature and should not be considered tax advice. You should consult an attorney or tax advisor for more complete information.
W&S Financial Group Distributors is an affiliated agency of the issuer, which has sole financial responsibility for its products. Products may not be available in all states. For complete coverage information and product availability, contact your financial representative.
NOTE: Product availability may vary by distribution channel and state availability. Please consult your financial professional for the products they represent.
No bank guarantee.
Not a deposit.
May lose value.
Not FDIC/NCUA insured.
Not insured by any federal government agency.