1 Some states prohibit policies to extend past 20 years without accumulating cash value.
2 The surrender of a term life insurance policy followed by the purchase of a permanent life insurance policy will not be treated as an exchange under Internal Revenue Code section 1035.
3 Loans or partial withdrawals can reduce the policy’s cash value and death benefit, can increase the possibility of policy lapse, and may result in a tax liability. Consult a tax advisor for additional information on the tax treatment of loans or withdrawals from a life insurance policy.
4 Please note that one cannot invest directly in an index.
5 The death benefit of life insurance policies that were transferred for value may be subject to ordinary income taxes. Estate taxes may apply (even if the policy is not transferred). Consult a tax advisor for additional information.
6 All guarantees are based on the claims-paying ability of Lincoln Benefit Life Company.
Substantially all of Lincoln Benefit Life Company’s contract-related assets are transferred under reinsurance agreements to Allstate Life, and such assets are owned and managed by Allstate Life. Allstate Life’s commitments under the reinsurance agreements support our general account obligations but provide no direct contractual relationship between you and Allstate Life.
This information is provided for general education purposes by Lincoln Benefit Life Company, Lincoln, NE, and is not intended to provide legal, tax, or investment advice.
Legacy SecureSM II (UL1010), Legacy ChoiceSM II (UL1020), and Ultra Plus (UL0760) are flexible premium universal life insurance policies. Legacy Secure SL® (UL0760) is a flexible premium survivorship universal life policy. TrueTerm (LP0600) is a term life insurance policy. Ultra Index® (UL0760) and Echelon® Index UL (UL0820) are both flexible premium indexed universal life policies. Whole Life II (LP0720) is a permanent life insurance policy. All policies are issued by Lincoln Benefit Life Company, Lincoln, NE, a wholly owned subsidiary of Allstate Life Insurance Company, Northbrook, IL.
Not FDIC, NCUA/NCUSIF insured – Not insured by any federal government agency – Not a deposit – No bank or credit union guarantee – May go down in value
© 2011 Allstate Insurance Company