Legacy Choice
Single Premium Whole Life Insurance (SPWL)
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Legacy Choice is a single premium whole life policy designed for clients who want to efficiently transfer wealth, secure guaranteed cash values and maintain access to funds when needed. It is a straightforward way to strengthen a client’s estate plan without market risk or complex management.
Product availability may vary by firm. Legacy Choice SPWL is available exclusively for approved bank distribution.
Simplified Underwriting
Legacy Choice offers an efficient, electronic application process that provides instant acceptance or decline decisions for most clients who meet prequalification criteria. Select cases may be reviewed by an underwriter—without requiring a new application.
Product Highlights
Single Premium Whole Life
Guarantees a death benefit and cash value from a single, one-time premium.
Issue Ages: 40–85 (may back-date up to 60 days to save age)
Minimum Premium: $25,000
Maximum Net Amount at Risk:
- Ages 40–75: up to $300,000
- Ages 76–85: up to $100,000
Rate Classes: Male/Female; Nicotine/Non-Nicotine
No policy fees or surrender charges
Matures at age 121
Included Riders
Return of Premium Rider (ROP)
Guarantees that the surrender value will never be less than the premium paid, less any indebtedness. Begins on day one.
Free Partial Withdrawals Rider (FPW)
Allows one withdrawal per policy year of up to 10% of cash value or $40,000 (whichever is less).
Living Benefit Rider (LBR)*
Provides accelerated access to up to 90% of the base death benefit in the event of terminal illness, chronic illness or severe cognitive impairment.
- No ongoing cost
- Subject to underwriting approval
- Benefits reduce the death benefit and other policy values
*Not available in California. Benefits may be taxable.
Legacy Choice offers your clients the opportunity to create a lasting legacy—while maintaining financial control and access when life changes.
Marketing Materials
Get the primary marketing pieces below. For access to all marketing materials and forms, visit the Document Library at MyKuvare.com.
Materials For
Financial Professionals:
How to Get Started
The first step is to get appointed. Contact our experts on the sales desk for help with this process at 800-637-6318. For bank or broker-dealer financial professionals – check with your back office for product availability.
