Legacy is designed to help you build and protect your wealth. You can take advantage of flexible deposit options and an annual bonus that can be used to purchase paid-up additional insurance or contributed to the accumulation fund. The formula used to calculate the bonus is simple and guaranteed. It depends on the declared smoothed return for the EquiBuild Fund.
Legacy is administered under the same system as universal life insurance and aims to offer you the flexibility that will help you attain your long-term financial goals.
The ideal solution
For a professional
Who requires permanent insurance of $1 million or more and who wants to ensure the growth of their estate to pass on to the next generation.
For a business owner
Who requires significant permanent insurance and who wants to take advantage of a source of short-term liquidity, diversify their assets and access asset classes normally reserved for the institutional market.
1 Both insureds must be at least 15 years old and no older than the age indicated. The resulting equivalent age must also be less than the maximum age indicated.
Options and flexibility
In order to offer flexibility, Legacy specialized life insurance is administered under the same system as universal life insurance.
Premium offset allows insurance costs to be covered from the total policy cash value in the following order:
- Accumulation fund balance
- Surrender values of paid-up additional allowance
- Automatic advances
Legacy’s variety of investment options allows you to take advantage of opportunities to grow your wealth.
In addition to guaranteed interest accounts (GIAs), you can invest in market index accounts, smoothed return accounts and actively managed accounts.