Funding a Symetra® Protector IUL with Home Equity – Without Increasing Debt
What if you could purchase a life insurance policy with chronic health coverage without having to liquidate assets, draw from investments or go into debt?
Well, you can. Meet Charles.
He is 60, single, and owns a $800,000 home free and clear. He has a small 401(k) and a few other investments but worries he’ll become a burden to his two adult children and won’t be able leave a legacy for his four grandchildren.
By taking advantage of CHEIFS, Charles sells a minority interest in his home and converts a fraction of his home equity into $100,000—tax-free. He’s then able to purchase a $533,426 Symetra Protector IUL* policy that offers a tax-free death benefit along with a chronic illness rider.
Charles ensures he won’t be a burden to his children while leaving a legacy for his growing family without having to:
- Liquidate assets
- Draw from investments
- Go into debt
He stays liquid. He continues living in his home with all the benefits of home ownership. He stays fully invested in other assets so he can achieve his retirement goals while securing chronic health coverage.
That’s how CHEIFS empowers homeowners to financial success.
* This insurance product is for illustration purposes only. Actual availability, terms, and eligibility may differ. Cornerstone is not affiliated with Symetra Life Insurance Company, or any agent or advisor, and it does not sell or place insurance products. This is not an advertisement or endorsement of the insurance provider or its products. Consumers should consult their insurance agent or advisor about specific products.
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