Recent Changes in Insurance Products

In the past several years, life insurance products have undergone an evolution. Now, in addition to term and whole life policies, there is a new generation of universal life and variable life insurance policies. Unlike their predecessors, these new policies, have lifetime guarantees6 and flexible premium payment options. Variable policies now offer a wide range of underlying investment options and asset allocation classes to select from. Variable life insurance products have annual fees and expenses associated with it in addition to life insurance-related charges, including surrender charges and investment management fees.The primary purpose of variable life insurance is to provide lifetime protection against economic loss due to the death of the insured person. They are also subject to investment risk, including loss of principal, and s past performance is not a guarantee of future results. In addition, under performance of the sub-accounts may cause the policy to lapse, which makes life insurance not suitable as a short-term saving vehicle. Some universal and variable policies even offer long term care riders. You should consult with your agent to find out which type of life insurance is more suitable. Products and features are not available in all states.

6 Guarantees are based on minimum premium requirements that must be met and are based on the claims-paying ability of the issuing company.

Sales of variable products must be preceded or accompanied by the current prospectuses for the products and their investment choices, which contain more information on charges, expenses, risks, and investment objectives. Please read them carefully before you invest or send money. Contact your Registered Representative if you have any questions.

*Products and features not available in all states.