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Futurity Accumulator II offers a number of benefits:
Adjustable Death Benefit - Provides immediate, federal income-tax-free funds to your family or business. This product offers the choice of several death benefit options, level or increasing, allowing you to select the one that best suits your needs. If your insurance needs change, you can change the death benefit option as well as increase or decrease the face amount.1 Additionally, your death benefit will continue as long as the insured is alive, even beyond age 100, provided the policy is still in force at that time.2 This may be an advantage over policies that mature at age 100; at that time, the cash surrender value is generally paid or you must request an extension of the maturity date.
Flexible Premium Payments - You determine the amount and timing of your premium payments, within certain limits, to reflect your current financial situation.
Tax-Deferred Growth - Your account values grow and compound tax-deferred, a significant advantage over investments where earnings are taxed each year.
Professional Money Management - Choose from a variety of investment options, including a Fixed Account, depending on your investment risk tolerance. As your needs and market conditions change, you can transfer among these options without incurring taxes.3
Access to Your Money - While the asset accumulation benefits of a policy are important today, equally important is the ability to access the accumulated value when the need arises. You can access4 your money in two ways:
- Partial withdrawals are available after the first year. During years 2 to 10, you can withdraw up to 20% of the cash surrender value and 100% thereafter. Partial withdrawals can be made once per year. They are non-taxable up to the amount of premiums paid into the policy and no surrender charges are applied.
- Borrow up to 90% of the cash value, less any outstanding loans and unpaid interest, paying 4.00% annual loan interest in policy years 1 to 10 and 3.00% thereafter. Because 3.00% interest is credited on the loan amount, the net cost of borrowing is 1.00% in policy years 1 to 10 and zero thereafter.
 
1 Changes in death benefit options and face amount are subject to certain limitations. Face amount decreases may result in a surrender charge. Increases are subject to evidence of insurability.
2 Applies to Specified Face Amount only. The policy may lapse in the event any outstanding policy debt exceeds the account value. The tax consequences of life insurance coverage beyond age 100 are uncertain and should be discussed with your tax advisor.
3 One transfer from the Fixed Account is permitted each policy year up to the greater of 25% of the Fixed Account value or $5,000. See the prospectus for additional information on transfer privileges.
4 Depending upon the performance of the underlying investment options the cash value available for loans and surrenders may be worth more or less than the original amount invested in the contract. VUL products are long-term investment products subject to investment risk. Loans and partial withdrawals will affect the policy proceeds and account value and may be subject to income tax. If the policy is classified as a Modified Endowment Contract under IRS rules, distributions are generally subject to income taxes and a federal tax penalty if made before age 591/2. Please consult your tax advisor for specific tax advice.
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