#United States #Cincinnati #AuguStar Life #Virtus IUL III #Indexed Universal Life

AuguStar Life Introduces Virtus IUL III

AuguStar Life, a member of the Constellation family, has proudly announced the release of its newest product, Virtus IUL III. This innovative indexed universal life (IUL) insurance policy aims to be at the forefront of the life insurance industry, delivering a mix of wealth accumulation, superior income distribution, and protective features suited for both personal and business financial planning.

During its launch, executives highlighted Virtus IUL III as a significant advancement in their indexed product line. Mark Peterson, the Chief Distribution Officer of AuguStar Life, emphasized the company's commitment to creating top-tier insurance solutions that cater to the evolving needs of financial professionals and clients alike. "Our strategy has been to elevate our indexed product line to be among the best in the business," he stated. "Additionally, financial professionals are seeking policies that offer both substantial income and growth features while maintaining protective benefits, and this product delivers on all fronts."

Features and Benefits of Virtus IUL III

Virtus IUL III is designed to meet a wide range of needs and preferences. Notable features include:

• - Accumulation Potential: The policy is structured to provide robust cash value growth over time, which increases with the performance of selected stock market indices.
• - Income Distribution: It includes flexible options for withdrawing funds, allowing clients to access cash value as needed without incurring heavy penalties.
• - Protection Options: Clients can select between level and increasing death benefits, providing tailored solutions to meet unique financial goals. Additionally, a No Lapse Guarantee ensures policy longevity even in less favorable conditions.
• - Optional Riders: The product offers riders such as the Accelerated Benefit Rider, which can provide significant benefits in the event of chronic or terminal illnesses. This option adds an extra layer of security, ensuring policyholders and their families are protected against unexpected health challenges.

Competitive Advantages

One of the standout features of Virtus IUL III is its cost structure, which is designed to compete favorably with similar products in the market. Analysis indicates that its expense levels as a percentage of premium offers exceptional value. This makes the product not only beneficial in terms of coverage but also financially prudent for clients looking to maximize the cash value growth and income potential of their life insurance policies.

"We are excited to introduce Virtus IUL III to the market," Peterson remarked. "This product represents our commitment to empowering our clients by offering them innovative and flexible solutions to navigate their financial journeys."

The Future of AuguStar Life

Founded as a part of a larger constellation of financial services, AuguStar Life specializes in various life insurance products, including indexed universal life, indexed whole life, and term insurance. Their strategic partnerships with significant investors illustrate their robust financial capabilities, enabling them to introduce innovative products like Virtus IUL III. As they look to the future, the focus remains on enhancing their offerings and optimizing client value across the board. More details on AuguStar Life’s product offerings, including Virtus IUL III, can be explored by visiting their website.

As the insurance industry continues to evolve, findings suggest that products that blend income potential with reliable protection will be critical for consumers. With the launch of Virtus IUL III, AuguStar Life is positioning itself as a leader in providing solutions that meet these growing demands. Legalities regarding premium payments for guaranteed benefits apply, and potential clients are advised to review the specifics carefully before making decisions regarding their financial futures.

For inquiries and further information, interested parties are encouraged to contact Lisa Doxsee at AuguStar Life.