Talk to Us
»

Consult an Agent


  • Why?
  • (please click only once)

  • * = required

     
Save Print

New York Life Legacy Creator Single Premium Variable Universal Life (SPVUL)

New York Life Legacy Creator SPVUL is a flexible single premium variable universal life insurance product that offers the potential for tax- deferred cash value accumulation through policy investment options. Your single premium payment is immediately leveraged into a life insurance benefit.

Some of the benefits of New York Life Legacy Creator SPVUL include:

  • Fast and easy underwriting approval process - answer a simple questionnaire to find out if you pre-approved for the policy, no medical examinations are required.
  • A Guaranteed Death Benefit – your beneficiaries are guaranteed1 to receive a life insurance benefit that is never less than the adjusted total premiums paid.2
  • Generally Income tax - free distribution of the policy's death benefit -help leave more of your assets to your beneficiaries in a way that they pay less taxes on your legacy.

Product is available in all states except: CA

New York Life Legacy Creator SPVUL Brochure

New York Life Legacy Creator SPVUL Fact Sheet

New York Life Legacy Creator SPVUL Prospectus

New York Life Legacy Creator SPVUL Performance Summary

New York Life Legacy Creator Single Premium Variable Universal Life (SPVUL) Accumulation Unit Values

Investors are asked to consider the investment objectives, risks, charges and expenses of the investment carefully before investing. Both the product and the underlying fund prospectuses contain this and other information about the product and underlying investment options. Please read the prospectus carefully before investing.

You will need Adobe Acrobat Reader to view several of these documents. You can download latest version of Adobe Acrobat Reader from the Adobe free-download Site.

1Any guarantees associated with a variable universal life insurance policy, including the life insurance benefit are based on the claims paying ability of New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation), and do not apply to the investment performance or safety of the underlying investment options.

2The adjusted total premium is the intital single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain. The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

Registered products are offered by properly licensed registered representative of NYLIFE Securities LLC (Member FINRA/SIPC), A Licensed Insurance Agency. New York Life Variable Universal Life Products are issued by NYLIAC and distributed by NYLIFE Distributors LLC (Member FINRA/SIPC). NYLIFE Securities, NYLIAC and NYLIFE Distributors are wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.

In most jurisdictions, the New York Life Legacy Creator SPVUL policy form number is 308-95.
In Oregon, the policy form number is 308-95.27.
The Flexible Single Premium Variable Universal Life Insurance Policy is approved under Oregon state filing number LI 04120

This material is for informational purposes only. Neither New York Life nor its agents provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.

Comments

We want to make sure you receive a response to any service or policy-related questions as quickly as possible. To help us help you, please do not use the comment field below to submit these types of questions. Instead, please click here to access the Virtual Service Center and ask your question.

        Disqus

All comments are moderated by New York Life and will not appear on this story until after they have been reviewed and deemed appropriate for posting. Opinions expressed in posts are those of the respective authors and do not represent the official position of New York Life.