Traditional Savings:
Low risk, low return.
Average accounts offer 0.33%⁶
With Everly Life™, protection is just the beginning. Get a safe and tax-favored way to grow long-term wealth that can be used for whatever you want.
Plans start at $15/month
Everly Life is a long-term savings tool that feels just right.
Traditional Savings:
Low risk, low return.
Average accounts offer 0.33%⁶
Everly Life:
Low risk, 4% interest.²
Guaranteed never to drop below 1%.²
Unregulated Crypto:
High risk, uncertain return.
Investments can easily turn into $0
Everly Life can help build savings over time. Add money to the monthly payment and it can grow with compound interest tax-deferred. The current interest rate of 4% is guaranteed for the first policy year and subject to change on policy anniversaries thereafter.²
There are two tax-advantaged access options for an Everly Life policy:
*Withdrawals of any amount up to the total account value can be made, but any amount in excess of the total payments may result in taxes.
Everly Life | Savings Account | Individual Stocks | CD | 529 Plan | Roth 401(k) | Traditional 401(k)/IRA | |
Purpose | Flexible | Flexible | Flexible | Flexible | Education Only | Retirement Only | Retirement Only |
Pre-Tax or After Tax | After Tax | After Tax | After Tax | After Tax | After Tax | After Tax | Pre-Tax |
Penalties for Early Access | None | None | None | Yes | Yes, on gains | Yes, on gains | Yes, on all |
Taxes Due | Only if withdrawing more than your cumulative payment amount | Yearly | At sale, if gains are realized | At maturity | Only if for non-qualified purposes and withdrawing more than your cumulative payment amount | Only on early withdrawal | When accessing any amount |
Tax-Free Loans | Yes | No | No | No | No | Restricted | Restricted |
Contribution Limits | Yes | No | No | No | Yes | Yes | Yes |
Other vehicles may have additional restrictions on withdrawals and potential tax penalties. Consult with your tax advisor for more information.
Use the money in an Everly Life policy for exactly what you need — with no hidden fees, no hassle, and no penalties for withdrawing money at any age. That means it’s here to help you live your best life, right here on Earth.
With Universal Life, get tax-advantaged benefits from both insurance protection and savings growth for when life goes according to plan — and when it doesn’t.
No email or payment info required.
1. With Everly Life, you can save while interest is added to your Account Value tax-free. Learn more about the tax benefits of Everly Life as well as accessing your money through withdrawals and loans.
2. The 4% current interest is guaranteed for the first policy year and subject to change on policy anniversaries thereafter. Guaranteed Minimum Interest Rate is 1%.
3. You can adjust your Everly Life coverage as your life changes. Learn more about adjusting your coverage.
4. Life isn’t always constant. Learn more about how you can adjust your Everly Life payment.
5. Everly Life allows you to cancel and take your savings with you – with no fees. Learn more what happens to your account value if you cancel.
6. National Average Savings Account rate is 0.33% as of 1/17/2023. Source.
7. Not available in all states and riders may vary by state.
Insurance exclusively made available through Everly, LLC. Everly, LLC does business in CA, GA, NJ, PA, TX, UT, and VA as Everly Agency Insurance Solutions, LLC. Everly offers insurance issued by Security Benefit Life Insurance Company (SBL), Topeka, KS. SBL is not licensed to transact business in New York. View Everly and SBL license information.
Everly Life is a flexible premium adjustable life insurance policy issued on policy form ICC20 SBUL 100 (8-20); SBUL CA 100 (8-20); SBUL FL 100 (8-20); and SBUL 100 (8-20). Learn more about what riders are available with Everly Life. Click on Licenses to learn more about where Everly Life and its riders are available. Everly Life’s guarantees are subject to the financial strength and claims paying ability of SBL. SBL and Everly, LLC are not fiduciaries and the information provided is general in nature, is not tailored to your needs, and is not intended to be investment advice.
© 2023 Everly, LLC