FREEDOM GLOBAL IUL IISM FREEDOM INDEX ... - wbassoc

Freedom Global IUL II SMFreedom Index Universal Life II SMOpportunity for Enhanced ProtectionWith several riders* available, clients can select additional options for their policy tomeet the unique needs of their family.Base Insured RiderIssue ages: 18 – 85 (18 – 80 in Florida). This rider provides additional level term insurance coverage atterm insurance rates. The minimum purchase amount is $100,000, and the maximum is 10 times the baseFace Amount. Termination of the Base Insured Rider is at the insured’s age 100 or as specified in therider. This rider does not build Policy Value and is not subject to surrender charges. Rider coverage maybe reduced or cancelled without reducing coverage of or canceling the base policy. This rider will notincrease the Target.Additional Insured RiderIssue ages: 18 – 85 (18 – 80 in Florida). Provides coverage on a spouse, dependent child, or other individualin whom the owner has an insurable interest. Insurable interest must be explained at the time ofapplication. The minimum purchase amount is $25,000; the maximum is the lesser of $1,000,000 or totalcoverage on primary insured. This rider may be converted to a permanent policy upon written requestprior to the additional insured’s 86th birthday. It terminates at the earliest of the primary insured’s age121, the additional insured’s age 100, date the rider is converted, or as specified in the rider. Up to fiveAdditional Insured Riders may be added.Children’s Benefit RiderIssue ages: 15 days – 18 years old. Provides level term insurance coverage for primary insured’s children.The minimum purchase amount is $5,000; the maximum is $25,000. This rider may be converted to apermanent policy for a Face Amount up to the lesser of five times the rider’s Face Amount, or $50,000 atthe earlier of child’s age 25 or child’s marriage. Upon the death of the policy’s primary insured, the FaceAmount of the rider may be converted. Rider coverage terminates on the policy anniversary followingeach insured child’s 25th birthday, the child’s marriage or as specified in the rider. The cost for this rideris $7.20 per thousand annually.Guaranteed Insurability Benefit RiderIssue ages: 0-37. This rider provides the option to purchase additional life insurance without evidence ofinsurability at the same underwriting class that currently applies to the base policy. Regular option datesare policy anniversaries following the Insured’s 22nd, 25th, 28th, 31st, 34th, 37th, and 40th birthdays.Alternate option dates are available after the Insured’s marriage, birth or adoption of a child, or collegegraduation.* Riders and rider benefits have specific limitations and costs and may not be available in all jurisdictions. For complete details includingthe terms and conditions of each rider and exact coverage provided, please contact the Company.16 | Freedom Global IUL II SM | Freedom Index Universal Life II SM Product Guide