Made for Living, Made for You

Everly is Made for Living™ for a simple reason – we are focused on life, because our customers are focused on living. We design products that can follow you wherever your life leads, and can adapt when necessary. We provide flexibility, transparency, enduring relationships, and, most importantly, meaningful outcomes for our consumers. 

We want to help you discover the power of life insurance by understanding the numerous benefits that can be used while you’re living, while still leaving a legacy for your loved ones when you pass away. 

Most people purchase life insurance to help provide financial security for their families in the event of their untimely death, helping to cover expenses like mortgage payments or future education costs. Yet many people don’t know that some life insurance products offer living benefits.

For instance, we’ve designed our Everly IUL TermVest+ product that can be used in two different ways while you’re living:  
1. Cash value that can be accessed via loans or withdrawals
2. Accelerated death benefit riders that can be used in case of a qualifying illness 

First, let’s talk about cash value. Any amount you pay into your TermVest+ policy that is over and above your fixed cost amount contributes directly to your cash value. You can grow your cash value in two ways, either by putting money in the fixed account or the index account (or you can choose a combination of the two).  Your cash value can be used for almost anything – to help fund a college education, supplement retirement income, or even help with major purchases like a car or a home.   

The ability to save money within your policy can help you plan for your future. Since life insurance is funded with post-tax dollars, this means any loans or withdrawals you take from your policy are generally tax-free (up to the amount you’ve paid in). TermVest+ also offers flexibility – you can adjust your savings amount anytime as circumstances change. And unlike other savings vehicles such as IRAs or 401(k)s, there are no age or income restrictions to consider when accessing money.  

The other way you can use your Everly IUL TermVest+ policy while you’re alive is via the accelerated death benefit rider. If you’re diagnosed with a qualifying critical, chronic, or terminal condition, you can access a portion of your death benefit (50%, up to $500,000). This money can help provide crucial support when you need it most – you can use it to help offset medical costs or help maintain your cost of living if you need to take time off work while you’re recovering.  

You may not think additional financial support would be valuable if you already have employer-sponsored health insurance. Yet two-thirds of people who file for bankruptcy cite medical issues as a key reason for their financial difficulties1. And nearly half of Millennials have medical debt, more than any other age group2. Even with health insurance, medical bills can pile up – and can impact other life goals. 55% of respondents to a debt.com3 survey say that medical debt holds them back from future life goals like marriage, buying a home, and starting a family. 

With features including living benefits, an Everly policy can become an essential part of your financial journey. Our products are designed to follow you wherever your life leads, and can adapt when necessary. We provide flexibility, transparency, enduring relationships, and, most importantly, meaningful outcomes. That’s why Everly is Made for Living™.