Plans that Meet your Goals and Objectives
NG Family Savings & Insurance provides options for those who would like to save for the future within plans that offer access to upside market potential—without the risk. Programs are designed for both individuals and families.
One of the programs offered by NG Family Savings & Insurance (NGFS), is a dual benefit program that combines a savings component with permanent—indexed universal life insurance (IULs).
Because the savings element is combined with universal life insurance—annual interest credited to the account grows tax-deferred under Internal Revenue Code 7702 (taxes on any interest earned will not become due until savings are withdrawn).
NGFS IUL - based plans have a guaranteed 0% to 1.25% base or floor which means the savings portion is 100% protected from any loss and annual returns credited to the account are annually locked-in.
Annual returns may be subject to a cap (usually between 12 – 15%) and are indexed off indices such as Barclays and the S&P 500.
Annual returns for IULs seven of the last ten years have been at least 10 - 12% (please note: past market performance does not guarantee future market performance).
Policy owner has access to their savings without IRS penalty. Once savings have been given time to accumulate - account values can be used as collateral for preferred loans from the insurance carrier and accessed “Tax-Free.”
Through the use of IUL-based, three-to-one leveraged plans—for those who qualify—our programs can also add up to three times (or more) money to retirement savings when compared to pre-tax plans (i.e., 401(k), 403(b), 457, IRAs) or after-tax options (i.e., Roth 401k, Roth IRA, certificates of deposits, taxable brokerage accounts, etc.).
Upside market potential without the risk and tax-free accumulation and distribution are two of the main reasons why so many have chosen IUL plans as their preferred option for planning and saving for the future.