Variable Universal Life Insurance

Variable Universal Life Insurance Protect loved ones and take advantage of market opportunities

If you are looking for flexible, long-term wealth accumulation with death benefit protection, variable universal life insurance can provide both, helping you feel more confident now and in retirement. With this type of insurance, you can allocate assets to a choice of professionally managed portfolios to help grow wealth. You can also take advantage of tax-free withdrawals to help pay for larger expenses, such as a second home, education or to supplement your retirement income.

What is variable life insurance?

Variable universal life insurance is permanent life insurance that provides the protection you need while offering you the opportunity to invest in the market. You choose among available investment options and allocate assets to fit your individual investing style and risk tolerance. The cash value growth of a variable life insurance policy is not guaranteed.

Key benefits of variable universal life insurance include:

Income tax-free death benefit
Lifetime protection
Opportunities to participate in the equities market
Tax-deferred growth
Flexible death benefit and premium amounts
Income tax-free access to your cash value (when properly structured)

Remember, accessing policy cash value through loans and surrenders may cause a permanent reduction of policy cash values and death benefit. All guarantees are based on the continued claims paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will vary with market conditions.

Variable universal life solutions

�� Variable Universal Life 6 insurance

Income tax-free death benefit
Tax-deferred cash growth opportunities including:
- Over 85 subaccounts from well-known companies covering a wide array of asset classes.
- A fixed account — An account offering a guaranteed minimum interest rate of 1.0%.
- Fixed indexed accounts — Three accounts that are credited interest based on movement in a well-known index: two are subject to a cap and floor; one has a floor with uncapped participation in the index, less (or, net) a spread.
Tax-free income when properly structured
A wide array of investment options including advice-embedded portfolio funds to help tailor the policy investments to your risk tolerance
No-lapse guarantees to the later of age 75 or 10 years

Accessing policy cash value through loans and surrenders may cause a permanent reduction of policy cash values and death benefit and negate any guarantees against lapse. All guarantees are based on the continued claims paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will vary with market conditions.

Discover more about Variable Universal Life 6.

�� Variable Universal Life 6 insurance – New York

Income tax-free death benefit
Tax-deferred cash growth opportunities including:
- Over 85 subaccounts from well-known companies covering a wide array of asset classes.
- A fixed account — An account offering a guaranteed minimum interest rate of 1.0%.
- Fixed indexed accounts — Two accounts to which interest is credited based on movement in a well-known index and subject to a current cap and floor.
Tax-free income when properly structured
A wide array of investment options including advice-embedded portfolio funds to help tailor the policy investments to your risk tolerance
No-lapse guarantees to the later of age 75 or 10 years

Discover more about Variable Universal Life 6 - New York insurance.

�� Survivorship Variable Universal Life insurance

Protection on two lives with an income tax-free death benefit that pays out at the second insured’s death
Tax-deferred cash growth opportunities including:
- Over 80 subaccounts from well-known companies covering a wide array of asset classes.
- A fixed account — An account offering a guaranteed minimum interest rate of 1.0%.
- Fixed indexed accounts — Two accounts to which interest is credited based on movement in a well-known index and subject to a current cap and floor.
No-lapse guarantees to the later of age 75 or 10 years

Discover more about Survivorship Variable Universal Life.

�� Survivorship Variable Universal Life insurance – New York

Protection on two lives with an income tax-free death benefit that pays out at the second insured’s death
Tax-deferred cash growth opportunities including:
- Over 80 subaccounts from well-known companies covering a wide array of asset classes.
- A fixed account — An account offering a guaranteed minimum interest rate of 1.0%.
No-lapse guarantees to the later of age 75 or 10 years

Discover more about Survivorship Variable Universal Life-New York.

41 million Americans say they need life insurance coverage but don’t have it.

2020 Insurance Barometer Study, LIMRA and Life Happens

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View important information about variable life insurance, including how to request a policy prospectus.

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Talk to an Ameriprise advisor to discuss how �� solutions can help you. Don’t have an advisor? Find one who is right for you now.

Before you purchase variable life insurance, be sure to consider the policy’s features, benefits, risks and fees, and whether it’s appropriate for you based on your financial situation and objectives.

Accessing policy cash value through loans and surrenders may cause a permanent reduction of policy cash values, death benefit, and negate any guarantees against lapse. Surrender charges may apply to the policy and loans may be subject to interest charges. Although loans are generally not taxable, there may be tax consequences if the policy lapses, is surrendered or exchanged with an outstanding loan. Taxable income could exceed the amount of proceeds actually available. Surrenders are generally taxable to the extent they exceed the remaining investment in the policy. If the policy is a modified endowment contract (MEC), pre-death distributions, including loans, from the policy are taxed on an income-first basis, and there may also be a 10% federal income tax penalty for distributions of earnings prior to age 59-½.

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