Legacy Forward^® II Beneficiary Calculator

Information entered and displayed in this calculator will not be retained or shared. Your email address is used to deliver the calculator worksheet PDF when requested, and will not be collected, retained, shared or otherwise used by Western & Southern Financial Group.

This calculator stores a self-help tool and is not intended to provided financial advice or product recommendations. The calculations on this page provide an estimated life insurance death benefit and hypothetical taxable and tax deferred account values are for illustrative purposes only, and are not guarantees of future results. Review the information in this calculator with your financial professional and consult your attorney and tax advisor regarding your universal financial situation. Western & Southern member companies and its agents do not offer legal or tax advice.

Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by the Life insurance company issuing the product. Guarantees are based on the claims-paying ability of the insurer. Products are backed by the full financial strength of the issuer.

Withdrawals and surrenders are tax-free up to the cost basis, provided the policy is not a MEC. Withdrawals may be subject to charges. Neither W&S Financial Group Distributors, Inc., nor its agents, offer tax advice. For specific tax information, consult your attorney or tax advisor. The information provided is for educational purposes only. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest. Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for product details and limitations.

Various financial products may have different purposes, benefits, terms and conditions. When comparing types of accounts available for transferring assets, it is important to consider your accessibility to the account value for personal needs. Legacy Forward II is designed for asset transfer, with the primary purpose of providing a guaranteed death benefit to the policy owner’s named beneficiary(ies) at the insured’s death. The policy owner has access to the policy’s cash value (return of premiums paid) while the insured is still living. This guarantee terminates if a policy load or accelerated death benefit advance is taken, and additional restrictions, charges, tax penalties and conditions may apply.

About Legacy Forward II: Legacy Forward II is a single premium universal life insurance policy issued and guaranteed by Western Southern Life Assurance Company, Cincinnati, OH, operating in DC and all states except NY, where National Integrity Life Insurance Company, White Plains, NY, operates. W&S Financial Group Distributors, Inc. is an affiliated agency of the insurer. All are members of Western & Southern Financial Group.

Product and feature availability varies by state. Single premium universal life insurance policy series: ICC12 1301-3030 WSA, ICC12 1301-3030 NIL and 1301-3030 NIL NY.

The policy may be issued as a Modified Endowment Contract (MEC) for tax purposes. Any withdrawals or surrenders could result in a taxable event. Distributions are taxable to the extent that there is gain in the contract. A 10% penalty applies for distributions prior to age 59½ with certain exceptions. In order for policies funded by an exchange to be issued as a non-MEC, the entire single premium must be in the form of a 1035 Exchange and the existing policy must not be a MEC.

No bank guarantee. Not a deposit. May lose value. Not FDIC/NCUA insured. Not insured by any federal government agency.

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