Death benefit for your family
If something happens to you, your beneficiaries receive a death benefit that is generally tax-free under current tax law. It can cover the mortgage, the bills, and the kids' future.
Indexed Universal Life
Whether you run a rig, work a trade, or just want your family covered, protect the people waiting at home and build cash value you may be able to use later. Indexed Universal Life (IUL) is permanent life insurance: a death benefit for your family, plus cash value that can earn interest linked to a market index.
Built for
How IUL works
Part of it covers your life insurance, the rest builds your cash value.
Cash value can be credited interest based on how a market index (like the S&P 500) performs, up to a cap set by the insurance company. Your money isn't placed directly in the market.
If the index drops, the index credit for that period is 0% instead of negative. Cash value can still dip in a 0% year because the cost of insurance comes out of the policy.
What it does for you
If something happens to you, your beneficiaries receive a death benefit that is generally tax-free under current tax law. It can cover the mortgage, the bills, and the kids' future.
Cash value can grow tax-deferred based on index performance. Down the road you can borrow against it, and policy loans are generally tax-free under current tax law when the policy is set up and kept in force correctly.
If a serious illness or injury takes you off the road or off the job, optional living benefits riders may let you access part of your death benefit early, while you're still here. Availability, cost and terms vary by policy and state.
Later on, you may be able to borrow against or withdraw cash value, generally tax-free under current tax law when the policy is set up and kept in force properly. Loans and withdrawals reduce the cash value and death benefit and may have tax consequences.
An individual policy isn't tied to the carrier you drive for, the company you work for, or a job site, so it stays with you through job changes, layoffs, going independent, or retiring, as long as premiums are paid.
IUL premiums can be adjusted within policy limits, which helps when loads, overtime or seasonal work make pay swing. Paying less than the policy needs can cause it to lapse, so Simeon helps you set a level that fits.
Whole life insurance
Not everyone wants moving parts. Whole life is permanent life insurance built to be simple and predictable: you pay your premium, and your family stays covered.
Coverage for your whole life, as long as premiums are paid. Per the policy’s terms, the premium is designed to stay level and the policy builds guaranteed cash value at a set rate, with no link to the stock market. The death benefit is generally tax-free to your beneficiaries under current tax law.
People who want simple, predictable coverage they don’t have to keep an eye on, and families who want to make sure something is left behind for the people they love.
Smaller whole life policies meant to cover funeral and burial costs and final bills, so family isn’t left holding them. Many plans ask simplified health questions, with no medical exam.
Coverage, features and eligibility vary by insurance company and state and are subject to underwriting. Guarantees are based on the claims-paying ability of the issuing insurance company.
How it works
Your ZIP, a little about you, and how to reach you. About 60 seconds.
He calls or texts at the time you pick, learns what you want to protect, and walks you through real options and costs.
See options side by side and pick what fits your budget and your family. No obligation; apply only if it's a fit. Coverage is subject to approval.
Shop multiple companies
As an independent agent with Family First Life – Vasto Life Group, Simeon can compare options from multiple insurance companies to find the right fit.
Products and availability vary by company and state. Not every company offers IUL. Listing does not imply endorsement.
Your agent
Simeon Harris is a licensed life insurance agent with Family First Life – Vasto Life Group, working out of Dallas. Every quote request on this page goes straight to him.
Office14800 Quorum Dr, Ste 170
Dallas, TX 75254Open in Google Maps →
NPN 21682094

Referrals
Thanks for trusting Simeon with your family’s protection. A coworker, a fellow driver, someone on your crew, or family: send their name and number and Simeon Harris, licensed agent with Family First Life – Vasto Life Group, will reach out personally. No pressure, no runaround, just a straight conversation about protecting their family.
Please get their OK before you share their contact info. Referrals are always optional and are never tied to any gift, payment or discount.
Got it
Simeon Harris, licensed agent with Family First Life – Vasto Life Group, has your referral and will reach out personally, at the time you picked.
Referrals are never tied to any gift, payment or discount. They just help the people you care about get covered.
FAQ
No. An IUL is life insurance. Your cash value is credited interest based on an index's performance, subject to caps and participation rates, but your money isn't placed in the market.
In a year the index goes down, your index credit is 0% instead of negative. Policy costs like cost of insurance still come out, so cash value can dip. Growth beyond the floor isn't guaranteed.
The death benefit is generally tax-free under current tax law for your beneficiaries. Cash value grows tax-deferred, and policy loans are generally tax-free under current tax law if the policy is not a modified endowment contract (MEC) and stays in force. Withdrawals above what you've paid in, or a lapse with a loan outstanding, can be taxable. Check with your tax professional.
Usually through policy loans or withdrawals, which can be generally tax-free under current tax law if the policy is structured properly and stays in force. Loans accrue interest, and loans and withdrawals reduce the cash value and death benefit, can cause the policy to lapse, and may have tax consequences.
Many IUL policies offer optional living benefits riders that can let you access part of your death benefit early for a qualifying chronic, critical, or terminal illness. Using them reduces the death benefit. What's available depends on the policy, your health and your state.
Yes, you can apply in any of those. Coverage is personal, so it stays with you if you switch carriers or employers, go independent, or come off the road or the job site. Approval and pricing depend on underwriting, which looks at things like health, and for some people driving history or occupation.
It can be. IUL is permanent life insurance for anyone who wants a death benefit for their family and cash value they may be able to use later. Simeon works with families in every line of work.
Some jobs do. Group life through work is often a limited amount and usually ends when you leave that job. An individual policy is yours and stays in force as long as premiums are paid. Many people keep both.
Not always. Some options can be approved with health questions only; others need an exam. Simeon will tell you which apply to you before you apply.
Often, yes. Many smaller whole life and final expense plans ask simplified health questions with no medical exam. Larger amounts may need an exam. Eligibility varies by insurance company and state and is subject to underwriting.
It depends on your age, health, the coverage amount and how much you want to put toward cash value. Simeon will show you real numbers for your situation; there's no cost to get a quote.
Simeon is contracted with several insurance companies, including Americo, Transamerica, Mutual of Omaha, National Life Group, Corebridge Financial, American Amicable, Aetna (CVS Health), Foresters Financial and Ethos. See the full list. Products and availability vary by company and state.
Only Simeon Harris, licensed agent with Family First Life – Vasto Life Group. Your information is not sold.
Simeon is licensed in AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI. He is not licensed in Alaska, Montana, New York, South Dakota, Vermont, West Virginia or Wyoming.