NEW
HAPPENINGS
AMG
Insurance & Financial
Monthly
August 2023
Producer Newsletter
NEWSLETTER
HIGHLIGHTS
Feature Articles
Indexed Explorer Now or Later?
Jim Koth, Columbus Life
Budget Bill wants insurance coverage for life, but wants to stay as affordable as possible. He purchases Columbus Life’s Nautical Term® with its guaranteed conversion privilege, so he can save money up front and lock in permanent coverage later. He pays $18.91 per month for the first 10 years, then converts it without additional underwriting to Indexed Explorer Plus® for $350 per month.
Multiply Advantages with SIUL as a Multi-Generational Asset
Jim Koth, Columbus Life
Survivorship Indexed Universal Life (SIUL) is most often utilized by spouses. The aim:
leveraging the blended mortality of their two lives to maximize the legacy passed to
their beneficiaries.
But in certain cases—where an insurable interest exists and the design makes
sense—a parent and an adult child could be the joint insureds. Consider how SIUL
could work as a multi-generational solution.