Americo Instant Decision Indexed Universal Life (IUL) Agent Guide

Carrier: Americo

Product: Instant Decision IUL

Product Type: Simplified Issue Indexed Universal Life

Issue Ages: 18–65

Face Amounts: $50,000–$450,000

Target Market: Permanent life with cash value growth (IUL)

Product Overview

Americo’s Instant Decision IUL is a simplified issue, permanent life insurance product offering indexed cash value growth based on the S&P 500®. It is designed to provide lifelong coverage with potential for premium flexibility and policy loans. All underwriting is instant and completed via Americo's online eApplication system. No paramed exams, lab work, or APSs are required for underwriting.

Issue Ages and Face Amounts

• Issue Ages: 18–65 (age last birthday)

• Minimum Face Amount: $50,000

• Maximum Face Amount (Non-Medical): $450,000

• Risk Classes: Non-nicotine and Nicotine (based on 24-month tobacco/nicotine abstinence)

Plan Design and Crediting

• Indexed Universal Life with 1-year index periods

• Two Indexed Interest Strategies:

  • S&P 500 Point-to-Point with a Cap

  • S&P 500 Point-to-Point with a Participation Rate

• Sweep and declared interest accounts have a guaranteed 2% minimum

• Indexed accounts have a 0% guaranteed minimum annual crediting rate

• Option A (Level) death benefit at issue; Option B (Increasing) available after year 1

• Death benefit options may be changed after policy year 1 (subject to face amount restrictions)

Premiums and Policy Charges

• Premium load: 7%

• Monthly per-policy charge: $5.00 (current), $7.00 (guaranteed)

• Unit-based charges vary by class, gender, and age

• Deductions follow order: Sweep > Declared > Indexed Account (LIFO if multiple indexed)

No-Lapse Guarantee

• 5-year No-Lapse Guarantee if minimum premium is paid

• Can be reinstated by paying missed premiums

• Keeps policy in force even with negative accumulation value (within guarantee limits)

Policy Loans and Partial Surrenders

Standard Loan:

• Interest: 4% (first 10 years), 2% (thereafter)

• Drawn from declared account

Index Loan:

• Interest up to 8%; continues to receive index crediting

• Drawn from indexed account, with default to declared if indexed values are insufficient

Partial Surrenders:

• Not allowed in first policy year

• Minimum: $500

• One per year

• Reduces face amount and subject to partial surrender charges

Underwriting Guidelines

• No exams, labs, or APSs

• Underwriting via eApp with:

  • MIB check

  • Prescription history check

  • Application questions (Sections 4–13 are knockout questions)

• Drill-down required for any “Yes” answers

• Health changes before approval must be reported

Full Build Chart

Prescription Medication Guidelines

• No formal exclusion list provided

• Rx history reviewed in underwriting

• Agents must provide full medical history and exam results

Included Riders (No Additional Cost)

Critical Illness Accelerated Death Benefit Rider (Series 2195):

• ALS, End Stage Renal Failure, Invasive Cancer, Major Organ Failure, Heart Attack, Stroke

Chronic Illness Accelerated Death Benefit Rider (Series 2196):

• Must be unable to perform 2 of 6 ADLs or have cognitive impairment

Terminal Illness Accelerated Death Benefit Rider (Series 2197):

• Life expectancy 12 months or less

All riders are lump-sum only; once exercised, policy and riders terminate

Eligibility: Foreign Nationals and Military

• Must be a legal U.S. resident (Green Card or I-551)

• Not available for temporary visitors or B1/B2 visa holders

• U.S. citizens can travel abroad for up to 4 weeks

• Military sales prohibited on bases; deployment disclosure required

Reinstatement

• Allowed within 3 years of lapse

• Requires proof of insurability and payment of back premiums

• No-lapse guarantee may be reinstated with back premium

Replacements

• External replacements allowed via eApp only

• Internal replacements not allowed

Administrative Notes

• Indexed accounts reset annually

• Surrender charges apply for 14 years

• Partial surrender charge = % of full surrender charge; minimum $50

• Transfers only allowed on sweep dates or at end of index period

This content is based on Americo’s full May 2025 Instant Decision IUL Agent Guide and is intended for use in internal AI Assistant training and Joomla menu integration only.