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Types of Life Insurance
There are two major types of life insurance—term life and permanent life insurance.
Nowadays, life insurance has become an essential asset to protect a family’s financial security. There are many types of life insurance products in the U.S. that provide tools for wealth transfer, income replacement, supplement income, and many other purposes. It is best to make the decision early in life to fully benefit from the protection.
Term Life
Term life insurance lasts a certain number of years, then ends. You choose the term when you take out the policy. Common terms are 10, 20, or 30 years. There is no term life insurance product available for foreign nationals yet.
Permanent Life
Different from term life insurance which has a defined length of coverage, permanent life insurance provides life-long coverage with many other features including cash value and living benefit in addition to the death benefit that can help with many objectives.
Indexed universal life insurance , as one form of permanent life insurance, also offers the flexibility of adjustable insurance premiums and an opportunity to increase cash value with downside protection. Indexed universal life insurance is also one of the few popular insurance products that foreign nationals can acquire in the U.S.
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Trusted Indexed Universal Life (IUL) Insurance Companies
American International Group
Founded in 1919, AIG is a global insurance company with operations in more than 80 countries and jurisdictions. It is one of the largest insurance companies in the world. The Company provides a range of property casualty insurance, life insurance, retirement solutions, and other financial services. AIG’s financial strength is recognized in the marketplace. This included AM Best (A, Excellent), Standard & Poor's (A+, Strong), and Moody's (A2, Good).
National Life Group
Chartered in 1848, NLG has been insuring people for over 170 years and was one of the first mutual life insurance companies in the U.S. The company maintains a strong industry position as #1 provider of Indexed Annuities in Employer Plans, #2 in IUL sales. NLG’s financial strength is recognized in the marketplace. This included AM Best (A, Excellent), Standard & Poor's (A+, Strong), and Moody's (A, Good).
Global Atlantic Financial Group
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent, privately held company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with leading investment and risk management capabilities, alongside a strong financial foundation. The Company maintains high financial strength ratings from third-party agencies. This included AM Best (A, Excellent), Standard & Poor's (A-, Strong), and Moody's (A3, Good).
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Advantages of Indexed Universal Life (IUL) Insurance
Affordable Life Insurance for Everyone
Tell us about you to see your estimated premium rate
Tips: Age is a main factor for insurance rate calculation. The yonger the age, the less expensive the premium will be.
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*This quotation is designed to help you understand the proposed policy.
For the premium rate, please see your actual illustration for details.
Meet Our Customers
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Yvonne
Age: 20
Face amount: $500,000
Monthly premium: $197
Her Story:
As an international college student in the United States, Yvonne wanted to invest part of the living expenses given by her parents, but she did not want to get involved in the complex stock market. When she learned about IUL Life Insurance, which has both a capital compensation function and a cash value accumulation function, she decided to apply for an IUL policy with a $500,000 death benefit. This young, healthy student got the minimum amount of premium. After waiving her school's insurance with Student Medicover health insurance, the money she saved could pay for the IUL life insurance premium for one year. Yvonne set her parents as beneficiaries, and this policy will bring some comfort to her family if an accident happens.
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Carolina
Age: 25
Face amount: $500,000
Monthly Premium: $234
Her Story:
Carolina started her career in the United States and wanted to make a financial investment. She valued the IUL life insurance policy's ability to guarantee the principal and provide a minimum return, so she enrolled in a policy with $500,000. Carolina and her husband are considering this policy will provide additional financial protection for their future baby, and the accumulated cash value can also contribute to the family in times of urgent needs.
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David
Age: 28
Face Amount: $1,000,000
Monthly Premium: $625
His Story
David is a health worker works in healthcare industry, he decided to buy an IUL policy during the COVID-19 pandemic. The life-long benefits provided by the policy are good protection against chronic, critical illness, or serious injury. David has a healthy lifestyle that he gets regular exercise and has a good diet. He expects he will get tax free retirement income to provide him a better later life.
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Leo
Age: 30
Face Amount: $ 2,000,000
Monthly Premium: $ 1349
His Story
Leo and his family decided to immigrate to the United States after graduated from college. Leo bought a house in California and has a newborn baby recently. The cash value of his life insurance would be used not only for his child’s college funds but also to share pressure of the loan. In addition, if Leo accidentally to pass away at age 40’s, his beneficiaries would receive a tax-free death benefit to continue pay for the loan.
Life Insurance Application Process

1

Submit information and work with our licensed agent to have customized life insurance solution.

2

Our licensed agent will help you walk through each step of the application.

3

Insurance company starts the underwriting process.

4

You may have to complete a telephone interview, submit additional materials and conduct a paramedic exam done at no expense.

5

Review and sign the policy contract with insurance company and complete the premium payment.

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Q&A

  • What are the advantages of life insurance in the US?

    U.S. life insurance has a long history, and there are also well-developed laws to protect insurance companies from bankruptcy and a more stringent industry regulatory process. At the same time, U.S. life has lower premiums rate compared to other area, Life insurance company in the U.S. are also the pioneer in developing life insurance features such as living benefit and no-exam application. Claim procedure is much easier as well.

  • What are the features of Indexed Universal Life insurance?

    IUL life insurance, or indexed universal life insurance, is an evolutionary derivative of universal life insurance. Indexed universal life insurance, as one form of permanent life insurance, also offers the flexibility of adjustable insurance premiums and an opportunity to increase cash value with downside protection. Indexed universal life insurance is also one of the few popular insurance products that foreign nationals can acquire in the U.S.

  • Who is eligible to purchase Indexed Universal Life insurance?

    • IUL life insurance can be applied to many areas such as family protection, retirement income planning, asset protection, wealth transfer, etc. People who have a need for whole life insurance and have medium to long term financial planning goals often find it to be an essential tool. The younger you are, the more cost-effective it is to purchase life insurance, and the faster the cash value cumulates.
    • If a foreigner needs to purchase life insurance, the insurance company will usually determine if the policyholder can pass the underwriting process based on the policyholder’s connection to the United States. This is usually based on the presence of property, storage, employment, etc.

  • Can graduated international students buy Indexed Universal Life insurance?

    International students can only purchase IUL life insurance in the U.S. if they are in the U.S. and will miss the opportunity to do so when they return home, so it is very important for international students to purchase a policy to protect themselves while they are in the U.S. And once the policy is in effect, it is valid for life. Once the policy is in effect, it will be valid for life and will not affect you anywhere in the future.

  • Is Indexed Universal Life insurance still in effect if I am return to my home country?

    IUL life insurance is valid after it becomes effective, regardless of whether or not you reside in the United States.

  • My company provides a life insurance choice, do I still need purchase an Indexed Universal Life insurance?

    None of the life insurance is essential, but life insurance is an additional protection for yourself. Companies usually offer short-term life insurance rather than whole life insurance, which does not have a cash value. IUL life insurance, or indexed universal life insurance, is an evolutionary derivative of universal life insurance that contains a basic death benefit and also has a cash value component. We recommend that you still need to purchase a U.S. IUL life insurance policy that has accumulated a certain cash value when you change jobs, or when you retire in the future, as your personally purchased whole life insurance policy will also continue to provide you with protection in the future.

  • How is the premium in Indexed Universal Life insurance policy determined?

    IUL life insurance premiums are determined by a combination of the policyholder’s age, health, the size of the policy and the number of years paid. Therefore, it is recommended that you enroll the policy when you are young and in excellent health and you will get better rates. The remainder of the premiums paid, after covering the cost of insurance, automatically goes into several optional “strategy accounts”, which are converted into the corresponding cash value. You can choose to put it into a guaranteed return account, or you can choose to benchmark it against an equity index account, such as the S&P 500, NASDAQ 100, etc. Unlike the stock market, the insurance company is committed to underwriting, as there is no risk of loss in the “strategy account” for policyholders who choose IUL life insurance.

  • How much Indexed Universal Life insurance should I consider purchasing?

    It is usually recommended that you choose the face amount at your annual
    income*10.

  • Who can be beneficiaries?

    Your immediate family member, parent, spouse or child can be the beneficiary of a life insurance policy. You can also change your beneficiaries during the policy period.

  • What is an index?

    Indexed in IUL it is not based on a fixed rate increasing, but is tied to the performance of a market index, such as the S&P 500. Unlike investing directly in an index fund, however, you won’t lose money when the market has a downturn. On the other hand, there’s usually a cap on the maximum return you can earn.

  • What is underwriting?

    Underwriting is the process that insurance companies use to determine whether they can ensure the applicant by researching and assessing the risk they present. The process determines how much coverage they will issue and at what cost to the applicant.

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