Terms Of Use
Welcome to IUL Builder. These Terms of Use (“Terms”) govern your access to and use of the IUL Builder website, including its content, quote forms, applications, educational materials, and other services available through the website (collectively, the “Site” or “Services”).
By accessing or using the Site, you acknowledge that you have read, understood, and agree to these Terms. If you do not agree with these Terms, please do not use the Site.
1. About IUL Builder
IUL Builder provides information, educational resources, and insurance quote-request services relating primarily to Indexed Universal Life (IUL) insurance.
IUL Builder is an insurance agency and is not an insurance company. Insurance products are issued by insurance companies and are subject to the terms, conditions, limitations, underwriting requirements, and claims-paying ability of the issuing insurance company.
Product availability varies by insurance carrier, product, state, and individual eligibility.
2. Insurance Information and Quotes
Information provided on this Site is intended for general educational and informational purposes and should not be considered a guarantee of coverage, benefits, pricing, policy performance, or approval.
Any quote, estimate, illustration, or information presented through the Site is not an insurance contract and does not guarantee that coverage will be issued.
Actual premiums, benefits, cash value, death benefits, riders, policy charges, and other policy features are determined by the issuing insurance company and may depend on factors including age, health, underwriting, state of residence, coverage amount, premium structure, and selected policy options.
A final policy is governed exclusively by the terms and conditions of the insurance contract issued by the insurance company.
3. Indexed Universal Life Insurance Disclosures
Indexed Universal Life insurance involves costs, fees, caps, participation rates, and other policy provisions that vary by insurance company and product.
Index-linked interest is not the same as investing directly in the market. Although certain IUL crediting strategies may use a market index such as the S&P 500® to determine interest credited to the policy, the policy's cash value is not directly invested in that index.
A 0% floor generally applies to the index-linked interest crediting calculation and does not guarantee that the policy's cash value will never decline. Policy charges, insurance costs, loans, withdrawals, and other factors may reduce cash value.
All guarantees are subject to the claims-paying ability of the issuing insurance company.
4. Cash Value and Policy Loans
IUL policies may accumulate cash value over time. Cash value growth depends on the policy's terms, credited interest, premium payments, policy charges, withdrawals, loans, and other factors.
Policy loans are not free withdrawals. Interest accrues on outstanding loan balances, and loans and withdrawals reduce cash value and the death benefit.
If a policy is not properly funded or managed, excessive borrowing may cause the policy to lapse. A lapse or surrender of a policy with an outstanding loan may result in adverse tax consequences.
Under certain circumstances, a policy may also become a Modified Endowment Contract (MEC), which can affect the tax treatment of distributions.
IUL Builder does not guarantee any particular cash value growth, investment return, loan performance, or policy outcome.
5. Death Benefit Options
Depending on the insurance carrier and policy, an IUL may offer different death benefit options, including Option A (Level Death Benefit) and Option B (Increasing Death Benefit).
The availability, calculation, cost, and operation of these options vary by insurance company and policy. The actual policy contract and illustration govern.
6. Living Benefits and Riders
Certain IUL policies may offer optional riders and living benefits, including accelerated benefits for qualifying chronic, critical, or terminal illnesses.
The Accelerated Access Chronic Illness Protection Rider is available only with certain policies and may not be available in all states.
Rider costs, eligibility requirements, qualifying conditions, benefit amounts, payout options, and definitions vary by insurance carrier, product, and state.
Accelerating a death benefit generally reduces the remaining death benefit and may reduce cash value or affect other policy features.
Tax treatment of accelerated benefits depends on the specific policy and rider structure and applicable tax law.
7. Accelerated Access Rider
The Accelerated Access Chronic Illness Protection Rider may allow an insured person to access a portion of the life insurance death benefit while living if qualifying conditions are met.
Benefits generally require certification by an appropriately licensed healthcare practitioner that the insured meets the rider's applicable chronic illness or cognitive impairment requirements.
The rider's actual eligibility requirements, waiting periods, benefit amounts, payout options, and other provisions are determined by the specific insurance contract.
The IRS per diem limit applicable to certain accelerated benefits is established annually and may change.
8. No Financial, Tax, or Legal Advice
Information on this Site is not intended to constitute legal, tax, accounting, investment, or personalized financial advice.
IUL Builder provides insurance-related information and services. You should consult your own qualified tax, legal, financial, or investment professional regarding your individual circumstances before making financial decisions.
9. User Information and Quote Requests
When you submit information through an IUL Builder quote form or application, you represent that the information you provide is accurate and complete to the best of your knowledge.
You understand that information submitted through the Site may be used to evaluate your insurance needs, communicate with you regarding your request, prepare or facilitate insurance quotes, and assist with the application process.
Additional information may be requested by IUL Builder or an insurance carrier as part of the underwriting process.
10. Electronic Communications
By submitting information through the Site, you may receive communications from IUL Builder regarding your quote request, application, insurance options, or related services.
Communications may be sent by email, telephone, or other methods of communication provided by you, subject to applicable law and your preferences.
You are responsible for ensuring that the contact information you provide is accurate.
11. Third-Party Websites and Services
The Site may contain links to websites, services, or resources operated by third parties.
These links are provided for convenience and informational purposes. IUL Builder does not control or necessarily endorse third-party websites and is not responsible for their content, availability, privacy practices, security, or terms of use.
When you leave the IUL Builder Site, the third party's terms and privacy policies may apply.
12. Intellectual Property
All content appearing on the Site, including text, graphics, logos, designs, photographs, videos, software, and other materials, is owned by or licensed to IUL Builder unless otherwise indicated.
You may view and use the Site for your personal, non-commercial purposes.
You may not copy, reproduce, distribute, modify, publish, sell, transmit, create derivative works from, or commercially exploit Site content without prior written permission.
13. Prohibited Use
You agree not to:
- Use the Site for unlawful or fraudulent purposes.
- Provide false, misleading, or fraudulent information.
- Attempt to gain unauthorized access to the Site or its systems.
- Interfere with the operation or security of the Site.
- Use automated tools to scrape, copy, or collect Site content without permission.
- Impersonate another person or entity.
- Introduce malicious software, viruses, or other harmful code.
- Use the Site in a manner that violates applicable laws or regulations.
14. Disclaimer of Warranties
The Site and its content are provided on an “as is” and “as available” basis to the extent permitted by law.
IUL Builder does not guarantee that the Site will always be available, uninterrupted, secure, accurate, complete, or error-free.
We do not guarantee that any particular insurance product, premium, coverage amount, rider, cash value, or benefit will be available or suitable for you.
15. Limitation of Liability
To the fullest extent permitted by applicable law, IUL Builder and its owners, officers, employees, agents, and affiliates will not be responsible for indirect, incidental, consequential, special, or punitive damages arising from or related to your use of the Site or reliance on information provided through the Site.
Nothing in these Terms is intended to exclude or limit liability that cannot legally be excluded or limited under applicable law.
16. Indemnification
To the extent permitted by law, you agree to indemnify and hold harmless IUL Builder and its owners, officers, employees, agents, and affiliates from claims, losses, liabilities, damages, costs, and expenses arising from your violation of these Terms or misuse of the Site.
17. Changes to These Terms
IUL Builder may update these Terms from time to time.
When changes are made, the updated Terms will be posted on this page with a revised Effective Date. Your continued use of the Site after the updated Terms are posted constitutes acceptance of the revised Terms.
18. Governing Law
These Terms are governed by the laws of the State of New Jersey, without regard to conflict-of-law principles, except where applicable law requires otherwise.
19. Severability
If any provision of these Terms is determined to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
20. Entire Agreement
These Terms, together with the IUL Builder Privacy Policy and any other policies expressly incorporated into these Terms, constitute the agreement governing your use of the Site.
21. Contact Us
IUL Builder.com
620 Gorge Rd., Suite 304
Cliffside Park, NJ 07010
Email: service@iulbuilder.com
Insurance products offered through licensed insurance advisors. Producer License: NJ1000903
