Disclosures — Life Design Capital

The content on this website is for educational purposes and is not an offer to sell, or a solicitation of an offer to buy, any insurance product. Insurance products are offered only through properly licensed and appointed insurance agents, in states where they are licensed, and are subject to underwriting and approval by the issuing insurance company.

Guarantees and dividends

Guarantees are based on the claims-paying ability of the issuing insurer. Dividends on participating policies are declared annually at the insurer's discretion and are not guaranteed. Illustrations of non-guaranteed values are not predictions of future results.

Policy loans and withdrawals

Policy loans and withdrawals reduce cash value and the death benefit, and loans accrue interest. Outstanding loans and unpaid interest can cause a policy to lapse; a lapse or surrender with a loan outstanding may result in taxable income. How a policy credits dividends while a loan is outstanding varies by carrier and product.

Taxes

Descriptions of tax treatment reflect our general understanding of current federal law, which can change. Cash value growth is generally tax-deferred; death benefits are generally income-tax-free to beneficiaries; policy loans are generally not taxable while a non-MEC policy remains in force. Life Design Capital does not provide tax or legal advice — consult your own tax and legal advisors.

Suitability

Whether any strategy is suitable depends on your objectives, financial situation, health and underwriting, the carrier and product, and funding. Costs, surrender charges and early-year values vary. Life insurance is not an investment in securities and is not a substitute for a diversified investment plan.

Convertible term

Conversion privileges, deadlines and eligible products are defined by each carrier's contract and vary. Premiums for a converted policy are based on the terms available at conversion.

Licensing

Robert Knight is a licensed life insurance agent in Florida (License #A143654). Insurance is offered only in states where he is licensed and only through carriers with which he is appointed.