Legacy Survivor

Legacy Survivor Second-to-Die Universal Life

This survivorship policy from Beneficial Financial Group pays policy proceeds at the death of the second insured. It is useful for retirement and estate planning, including wealth transfer and payment of estate taxes. In addition, Legacy Survivor offers you these advantages:

• Competitively flexible premiums
• Long-term cash-value accumulation
• Strong performance, even under guaranteed-interest-rate and reduced-interest-rate scenarios
• Estate Tax Sunset Endorsement gives policyowners flexibility when there are changes in estate tax legislation

Policy Riders
The following five riders are included with Legacy Survivor at no additional cost:

• The Accelerated Benefit for Chronic Illness (ABCI) allows the policyowner to receive a discounted advance payment of part or all of the policy death benefit when the insured has a covered chronic illness. There are no restrictions on the use of the funds.
• The Accelerated Benefit for Terminal Illness allows the policyowner to receive up to 80 percent of the face amount of the policy (up to a maximum benefit of $200,000) in the event of a terminal illness, as defined in the policy.
• The Charitable Giving Benefit provides that Beneficial will pay up to 1 percent of the policy amount ($500 minimum and $10,000 maximum) to a qualified charity of the policyowner’s choice in his or her name, without reducing the death benefit payable to the beneficiaries.
  
• The Estate Tax Sunset Endorsement gives policyowners flexibility when it comes to changes in estate tax legislation. If a policy is purchased so that money is available to pay estate taxes (which is why many second-to-die policies are purchased), but the estate tax repeal (EGTRRA-2001) is extended or made permanent, the policyowner may fully surrender the contract and terminate the coverage during 2010 and receive the accumulation value without surrender penalties.
  
• The Policy Split Rider allows two insureds who are married to split the policy into two individual policies in the event of a divorce or a particular change in the federal estate tax law.
  
  

To find out more or get a price quote, click here to find a Beneficial agent near you. If you wish, a Beneficial financial professional can also help you analyze your situation and provide you with personalized options and solutions to help you reach your financial goals.

Legacy Survivor Second-to-Die Universal Life form: 5-425-49. Accelerated Benefit for Chronic Illness form: ABCI-04-J or ABCI-04-2-J. Accelerated Benefit for Terminal Illness form: B10J. Charitable Giving Benefit form: E-CHARIT-J. Estate Tax Sunset Endorsement form: E-CHARIT-J. Policy Split Rider form: PSR. Fixed life products are offered by Beneficial Life Insurance Company, 150 Social Hall Ave., P.O. Box 45654, Salt Lake City, Utah 84145-0654, (801) 933-1100. These products are not available in all states. Beneficial Financial Group is a marketing name for Beneficial Life Insurance Company, its affiliated companies, and sales representatives. The policy contains the actual governing contractual provisions. Guarantees are subject to the claims-paying ability of the insurer. Beneficial Financial Group and its respective agents, representatives, and/or advisors, do not offer tax or legal advice. Please consult your attorney, accountant, or tax advisor about specific points of interest to you.