Many people don’t realize there can be tax consequences when it comes to inheriting certain assets. Variable products and mutual funds are underwritten and distributed by Transamerica Capital Inc. and/or distributed by Transamerica Investors Securities Corporation, each a broker/dealer and member of FINRA. The FFIUL gives you the opportunity to grow your policy value through excess index interest (earnings above the guaranteed minimum rate) that may be credited to your policy based partly on changes in these major stock indexes: S&P 500. Taxes. This article is separated into three sections. million available in accelerated living benefits. The Transamerica Financial Foundation IUL® and TFLIC Financial Foundation IUL ® offer the policy owner the flexibility to allocate net premiums to the Global Index Account, the S&P 500 ® Index Account, the Basic Interest Account, or a combination of the three. Please read the full disclaimer in the Transamerica Financial Foundation IUL policy regarding the Hang Seng Index in relation to the policy. This video is unavailable. Transfers among accounts inside a policy are on a tax-free basis. Transamerica offers policies to fit any lifestyle, including term, whole, and universal life. 3 The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by the Company. Since Lincoln’s Indexed Universal Life (IUL) has proven in recent comparisons to be the top performer, let’s see how it compares to one of Transamerica‘s Index UL.. Transmerica has two IUL products: “Freedom Index Universal Life II” and “Freedom Global IUL II”. So be wary of discussions in which IUL is treated as an investment vehicle, especially relative to a 401(k) plan. The two products appear to be similar, but they have some fundamental differences that one needs to understand. An IUL is an indexed universal life insurance policy. Learning Center; FAQs; Blog; 5 tax advantages of indexed universal life. This material is provided for informational purposes only and should not be construed as ERISA, tax, investment or legal advice. Guaranteed minimum interest rate, or “floor,” brings safety through guarantees. When the policy value is sufficient, you may request withdrawals or loans to use for any purpose you wish. This is not an actual Indexed Universal Life illustration. Please note, after the no-lapse period or if the cumulative minimum monthly no-lapse premium requirements are not met, then fluctuations in interest rates and/or policy charges may require the payment of additional premiums to keep the policy in force. With the Transamerica Financial Foundation IUL, you have the security of knowing you will never be credited less than the Guaranteed Minimum Interest Rate,* or floor. IUL or Indexed Universal Life Insurance . Payment of the minimum monthly no-lapse premium ensures that the policy will remain in force during the no-lapse guarantee period. An Indexed Universal Life Insurance policy (an “Indexed UL policy”) is a flexible premium permanent life insurance policy that contains both an insurance … For producer use only. Test Drive IUL. The Transamerica Financial Foundation IUL® offers face amounts from $25,000 and up, with up to $1.5 . We’ll email you the document(s) you’ve requested. Explore the many ways an IUL insurance policy can help you protect your family. Provided the policy is not and does not become a modified endowment contract (MEC), 1) withdrawals are tax-free to the extent that they do not exceed the policy basis (generally, premiums paid less withdrawals) and 2) policy loans are tax free as long as the policy remains in force. Compare that product parties must consult and rely solely upon their own independent advisors regarding their situation... 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