Legacy Master. Help Provide for Your Loved Ones. Issuer: Western-Southern Life Assurance Company

Transcription

1 Legacy Master Help Provide for Your Loved Ones Issuer: Western-Southern Life Assurance Company FI (1701)

2 Leaving a Legacy Planning for your financial future does not have to be any more complicated than designing a financial strategy to help you achieve your goals. Some of your goals may include: Controlling how your estate grows Providing for your loved ones Leaving an inheritance that minimizes income taxes If these goals ring true for you, Legacy Master from Western-Southern Life Assurance Company (Western & Southern Life), Cincinnati, Ohio, might be just what you are looking for.

3 Help Secure a Legacy Legacy Master is a single premium whole life insurance 1 policy that combines tax deferred living benefits with the income tax-free death benefit of a life insurance policy. With this policy, you make one lump-sum payment known as a single premium, and create an increased Death Benefit for your loved ones. 2 The benefits of Legacy Master include: Tax Treatment Cash values accumulate income tax-deferred. Life insurance proceeds pass to your named beneficiary income tax-free, and may also be free of estate taxes. Growth Potential Your one premium purchases a leveraged and tax free benefit for your beneficiaries. The policy s death benefit has the potential to increase in future years. Guarantees The death benefit is guaranteed for the life of the insured unless the policy terminates by surender or excessive policy loans. 3 1 May not be available in all states. 2 Policy approval subject to underwriting review. 3 A loan or partial surrender in any amount will reduce the death benefit. FOR FINANCIAL PROFESSIONAL USE ONLY

4 Guaranteed cash value growth for your entire life. Death benefits are paid without going through probate, bypassing unnecessary hassles and delays. Access When Needed The Accelerated Death Benefit Plus Rider is automatically included with all policies. With this rider, a portion of the death benefit can be paid out early upon receipt of medical proof that the insured has a terminal or chronic illness. 4 If you do not qualify for the Accelerated Death Benefit Plus Rider, you will have the Accelerated Death Benefit Rider, which accelerates benefits for terminal illness only. Maximizing a Legacy Legacy Master may help maximize the value of your assets to your loved ones. But if an emergency arises, you can access the policy s values. 3 Consider maximizing the assets you leave your loved ones. Your financial professional can tell you more about Legacy Master for asset transfer. 4 You are advised to consult with a qualified tax advisor regarding how the receipt of such payment will affect your financial situation. No charge for the benefit prior to when it is exercised; we reserve the right to charge a fee up to $150 when exercised. There is a 2-year waiting period for chronic illness claims in some states. Rider advances will be secured by a lien (with interest charges) on the death benefit payable under the policy. The lien continues until repaid or the policy ends. Payment of Accelerated Death Benefits, if not repaid, will reduce the Death Benefit and affect the available loan amount and other policy values.

5 Susan, a 63 year-old non-smoker, turned a $50,000 single payment into a $92,000 death benefit for granddaughter Emily. 1 1 Subject to standard underwriting approval. Death benefit value current as of 2/1/17.

6 Consider Securing Your Legacy with Legacy Master Legacy Master is a single premium whole life insurance policy issued and guaranteed by Western-Southern Life Assurance Company (Western & Southern Life), Cincinnati, OH. Western & Southern Life operates in all states and DC except AK, ME, NH and RI. W&S Financial Group Distributors, Inc. is an affiliated agency of the issuer. Issuer has sole financial responsibility for its products. All are members of Western & Southern Financial Group. 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. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by Western & Southern Life. Guarantees are based on the claims-paying ability of the company issuing the policy. Products are backed by the full financial strength of Western & Southern Life. Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for product details and limitations. Western & Southern Life does not provide tax or legal advice. Please contact your tax or legal advisor regarding your situation. The information is provided for educational purposes only. 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. Single Premium Whole Life Policy series WSA, Accelerated Death Benefit Rider series WSA and WSA. No bank guarantee Not a deposit May lose value Not FDIC/ NCUA insured Not insured by any federal government agency 2017 Western & Southern Financial Group. All rights reserved. Western & Southern: Our Strength. Your Future. Built on a heritage dating to 1888, Western & Southern Financial Group today stands strong. As a dynamic family of diversified financial services providers, Western & Southern has demonstrated resolve and resiliency throughout challenging economic cycles. We are proud of our strong industry ratings. Check them at WSFinancialPartners.com/ratings. facebook.com/westernsouthernfinancialgroup linkedin.com/company/w-&-s-financial-group-distributors