What else it can do for you

An Aviva indexed universal life insurance policy gives you the same flexibility and safety of other universal life policies from Aviva.

Puts you in control

As your needs change, your policy can change, too. You can change the death benefit, increase or decrease your premiums, and add options or riders to fit your needs.

Transfers your wealth

Aviva indexed universal life can help you leave a legacy to pass on to your heirs by giving them as much of your estate as possible, while making sure your tax and other obligations are satisfied.

Builds your savings

Indexed universal life insurance provides a tax-deferred way of accumulating a cash value at competitive interest rates.

Gives you access to funds

You can make withdrawals or borrow against, the cash value in your policy. Your Aviva indexed universal life policy can also be used as collateral for securing an outside loan, letting you tap the equity in your policy for a variety of needs: education, retirement and emergencies.

Protects your family

The death benefit gives you peace of mind knowing that your loved ones will not face financial hardship should you die. And the value can grow with your family and your needs.

Indexed Universal Life Insurance

Compare policies

This is a summary. Terms and conditions may vary by state. For details and to find out what's right for you, contact your local Aviva agent.

	Lifetime Builder	Advantage Builder	Aviva Survivorship Builder
Issue Age	0-85	0-85	20-90
Minimum face value	$25,000 ages 0-17 $50,000 ages 18+	$100,000	$250,000
Fixed or variable rate loans available	Yes	Yes	Yes
Free withdrawals starting year 2	Yes, 20%	Not applicable	Not applicable
Guaranteed interest rate	2%	2%	2%
Policy split option	Not applicable	Not applicable	Yes
Premiums	Lifetime adjustable	Lifetime adjustable	Lifetime adjustable
Riders Available	Full complement	Full complement	Full complement
Underwriting	Premier available	Premier available	Available even if one life is uninsurable
Period of surrender charge	15 years	15 years	15 years
Summary	Good for cash accumulation	Good for low-cost death benefit	Good for estate planning and heirs

How indexed universal life works for you

It functions just like other universal life insurance policies. It can also protect your loved ones, supplement your retirement income and help you leave money to your children and grandchildren. The difference is in how interest is calculated.

How the interest is calculated

An Aviva indexed universal insurance life policy earns interest based in part on the upward movement of major stock market indices, such as the S&P 500*. This gives you greater potential for growth compared to other universal life policies where the interest rate is declared by the insurance company.

How you're protected

You also get a guaranteed minimum interest rate with an Aviva indexed universal life policy. While you're taking advantage of the market going up, you'll never suffer loses due to the market going down. That's because purchasing an indexed policy does not involve actually purchasing securities or stock, so it's not the same as investing directly in the stock market.

Two types

The two basic types of Aviva indexed universal life policies have to do with how you pay the premiums. One is a large single premium type policy and the other requires the traditional yearly installments. Otherwise both types of policy give you many of the same benefits with a few minor differences.

The single premium

An Aviva indexed single premium policy simply means that your premium or payment is in one lump sum. It's designed for older people who may have a lump sum of money and don't currently need it for income but may need access to it in the future.

How much you pay

A lump sum minimum of $10,000 can be transferred from a bank savings account, a bank certificate of deposit (CD), an IRA and many other places including an annuity.

A few key features

• Tax-free death benefit
• Guaranteed minimum interest rate
• Efficient transfer to heirs
• No medical exams needed
• Benefits for nursing home and terminal illness
• Income stream with withdrawals starting in year 2

The flexible premium

An Aviva indexed universal life policy is generally purchased in yearly or monthly premium payments. This flexible premium policy from Aviva is ideal for a person of any age who would like to build the value of the policy over a long period of time.

How much you pay

The important thing to remember is that you decide how much your premium is, and you can change that throughout the life of the policy. The death benefit and interest credited to your policy is then determined by your premium amount, your age, and any riders you've chosen for customizing your policy. Your health is also a factor, as you'll need to take a physical exam. Your health can also work in your favor; the Wellness for Life rider can lower your cost of insurance if you stay healthy.

A few key features

• Tax-free death benefit
• Free withdrawals up to 20%
• Efficient transfer to heirs
• Guaranteed minimum interest rate
• Flexibility of customizing coverage and premium payments

How much insurance do you need

This can be answered by working with a local Aviva agent to understand your circumstances and your priorities. You'll want to consider what the beneficiary of your life insurance policy may need to cover: mortgage, credit card debt, consumer loans, childcare, college education for dependents and funeral costs. Also consider the replacement of your income if others depend on it and for how long it would need to be replaced.

Your beneficiary

The beneficiary is the person or persons who receive the benefits (the value) of the insurance policy upon your death. You will name those persons when you purchase the policy, and you can change or add them as needed.

Wellness for Life Rider

Provides a reward for living a healthy lifestyle with a discount on your premiums for those who qualify. You also receive a health-risk assessment as well as exclusive access to Mayo Clinic Health Services, including their 24-hour nurse line.

Accelerated Access Rider

Allows you to accelerate a portion of your life insurance death benefit in the event you are diagnosed with a chronic illness that meets certain eligibility requirements. This rider has no cost until benefits are received.

No Lapse Guarantee Rider**

Guarantees a death benefit for life so you're covered even if your premium payments lapse or fail to be current. You can also decide the length of your guaranteed period and your premium payment period.

Life Protector Rider***

Allows for all of your premiums to be considered paid, making it a "paid-up policy." No further premiums would be due when certain policy conditions are met. It also prevents your policy from lapsing (being discontinued) as a result of taking out a loan against the value of the policy.

Primary Insured Rider

Ensures a fixed premium amount that won't change during the life of your insurance policy.

Additional Insured

Provides death benefit coverage on the lives of up to three family members. This premium is also a fixed amount.

Children's Insurance

Lets you extend a death benefit to your child's life up to age 25 with a fixed premium amount.

Early Cash Value Rider

Designed for businesses, this provides a higher cash value in the early years of a policy. Should you decide to terminate (surrender) the policy, surrender charges are waived and the first year's premium is refunded.

Accidental Death Benefit

Adds coverage should you as the insured die from an accident.

Accelerated Death Benefit Rider

Speeds up the time in which benefits are paid should you become terminally ill. A portion of the policy proceeds normally paid at death is paid to you while you are living provided your life expectancy is 12 months or less.

Return of Premium Rider*

If a death benefit has not been paid on a life insurance policy, this rider will return your premiums, less any withdrawals, to you including accumulated interest. A fixed interest growth rate, from 0 to 6 percent, can be selected.

Waiver of Monthly Deductions Rider

All monthly deductions (for base policy, riders and policy charges) are waived should you become totally disabled for at least 6 months. If you become totally disabled before age 65, a lifetime benefit is payable.

Waiver of Premium Rider

The monthly premium specified under the rider is credited to the policy if you become totally disabled for at least 6 months. If you become totally disabled before age 65, a lifetime benefit is payable.

More riders available

Estate Protection Rider
Joint Term Rider
Waiver of Premium Plus
Policy Split Option
Waiver of Surrender Charge Due to Confinement Rider
Guaranteed Purchase Option Rider

How Laurie and Jon could use indexed universal life*

This is Laurie and John, and they have an 8-year-old daughter at home. Laurie won't tell us exactly how old she is, but let's assume she and Jon are 42.

Their topics of conversation

Like many their age, they had children a little later in life and are looking at both ends of the boomer squeeze: a young child at home and aging parents nearby. They want to fund an education, a retirement and still do their favorite pastime, travel.

Their solution

Laurie and Jon are well suited for an Aviva indexed universal life insurance policy. It's one of the most flexible financial tools they can own, providing dollars when they are needed most. An indexed universal life policy also has the potential for building substantial cash value by eliminating the downside risk of investing directly in the markets.

Results

An annual premium of $4,000 until he's 65 gets Laurie and Jon an initial death benefit of $253,026, access to funds as cash or as collateral for a loan, and it also gives them an income stream of $23,228 they can use from the age of 66 to 100.

At age 66, the policy projects a maximum annual variable loan of $23,228, which Laurie and Jon could take each year to supplement his retirement income to age 100. If they live to age 100, this creates a potential cash flow of $812,971 from $92,000 in premiums paid—a very healthy return.

At age 100, the policy has more than $730,000 of projected cash value and death benefit.

Benefits of indexed universal life

• Credited interest linked to S&P 500 Index
• Upside potential, downside protection
• Use policy as collateral with outside lending
• Use cash value for education, emergencies and retirement

How you could use indexed universal life

Laurie and Jon's situation is just one example of what you can accomplish with an indexed universal policy from Aviva in your financial portfolio. What's important is how it could work for you and your loved ones. A local Aviva agent can help identify ways to make Aviva indexed universal life insurance work for you.

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