Life & Wealth
Protection today. Growth for life.
Every strategy here is built to do one of two things: protect the people who depend on you, or grow what you've already built — without exposing it to unnecessary risk.
IUL · Term Life · Final Expense
LIFE
Protection built around the people who count on you.
Indexed Universal Life (IUL)
An Indexed Universal Life (IUL) policy is permanent life insurance designed to provide lifelong protection while offering the potential to accumulate tax-deferred cash value. The cash value is not directly invested in the stock market. Instead, interest is credited based on the performance of a market index, such as the S&P 500®, subject to caps, participation rates, and other policy provisions.
A 0% index crediting floor means negative market performance alone will not result in negative indexed interest credits. However, ongoing policy charges — including the cost of insurance and rider fees — may reduce the policy's cash value.
- Generally income tax-free death benefit for beneficiaries
- Tax-deferred cash value accumulation potential
- Indexed interest crediting with downside protection from negative index performance
- Living benefits (if included and eligible) for qualifying chronic, critical, or terminal illnesses
- Potential source of income-tax-free retirement income through properly structured policy loans
- Flexible premium options, subject to policy requirements
Important: Policy charges, including the cost of insurance and rider fees, may reduce cash value, including during years when indexed interest credits are 0%. Outstanding policy loans may reduce the death benefit and can create taxable income if the policy lapses or is surrendered. Guarantees are based on the claims-paying ability of the issuing insurance company. Product features and availability vary by carrier and state. Request a personalized illustration before purchasing any policy.
Hypothetical illustration for educational purposes only — not a projection or guarantee. Policy and contract charges, caps, and participation rates are not shown and affect actual values.
Term Life Insurance
Term life is the most straightforward way to protect your family's income for a defined period — 10, 15, 20, or 30 years. You choose a coverage amount and a term length; if something happens to you during that term, your beneficiaries receive the full death benefit, which is generally income-tax-free.
It's the lowest cost per dollar of coverage, which makes it the right fit for covering a mortgage, replacing income while children are young, or protecting a business loan. Many term policies can also convert to permanent coverage later without new medical underwriting.
- Coverage terms from 10 to 30 years
- Level premiums for the length of the term
- Death benefit generally paid income-tax-free
- Often convertible to permanent coverage later
- Typically the lowest cost per dollar of coverage for a specific need or time period
Choose your term
10, 15, 20, or 30 years — sized to how long your family actually needs the protection.
Lock in your rate
Your premium stays level for the whole term, no matter what happens to your health later.
Coverage is active
Your beneficiaries receive the full death benefit — generally income-tax-free — if something happens during the term.
Final Expense Coverage
Final expense insurance is a smaller, simplified whole life policy designed to cover funeral costs, medical bills, and other final expenses — so your family isn't left covering those costs out of pocket during an already difficult time.
Approval is typically based on a short health questionnaire rather than a medical exam, so coverage can often be in place quickly. As whole life insurance, the policy is permanent and premiums are typically level for life.
- Usually no medical exam — simplified health questions
- Permanent coverage that doesn't expire while premiums are paid
- Level premiums that typically don't increase with age
- Coverage amounts sized to funeral and final expenses
- Decisions often within days
Important: some final expense plans — especially guaranteed-issue plans — have a waiting period (often two years) during which the full benefit isn't paid for death from natural causes; a refund of premiums, sometimes with interest, may be paid instead. Eligibility, benefits, and pricing vary by carrier, age, and health.
Answer health questions
A short questionnaire — usually no medical exam.
Get a decision
Often within days, not weeks.
Coverage in place
Permanent whole life protection, typically with a level premium.
Rollovers · Annuities · Debt Solutions
WEALTH
Strategies to grow and protect what you've already built.
401(k), 403(b), IRA & Roth IRA Rollovers
A rollover moves retirement savings from an employer plan — like a 401(k) or 403(b) — or an existing IRA into a new account, without triggering taxes or penalties when it's done correctly as a direct, trustee-to-trustee transfer. Done that way, your savings keep their tax-deferred status; you're simply choosing a new home for the money.
People typically consider a rollover after leaving a job, when consolidating several old accounts into one, or when they want to move funds out of a market-exposed account and into something with downside protection. We handle the paperwork and coordinate directly with your current custodian.
Important: a rollover isn't right for everyone. Before moving money, compare your current plan's fees, investment options, services, and protections with the new option — we'll review them with you. Indirect rollovers must be completed within 60 days to avoid taxes and possible penalties. We don't provide tax or legal advice.
Hypothetical illustration for educational purposes only — not a projection or guarantee. Surrender charges, rider fees, caps, and participation rates are not shown.
Indexed Annuities
An indexed annuity is a contract with an insurance company, not a market investment. Your money isn't in the market — its growth is linked to the performance of a market index, subject to a cap, spread, or participation rate that defines how much of the index's gain you're credited.
The trade-off works in your favor on the downside: because your principal isn't directly invested, a down year in the index simply means little or no growth that year — not a loss. Most indexed annuities carry a 0% floor, meaning your contract value won't decrease due to index performance alone (withdrawals and optional rider fees can still reduce it).
During the accumulation phase, your money grows tax-deferred. When you're ready, many contracts let you convert to an income phase — either through annuitization or a lifetime income rider — designed to pay an income you can't outlive, regardless of how long you live or how the market performs. These guarantees are backed by the claims-paying ability of the issuing insurer.
- A 0% floor — index losses alone don't reduce your contract value
- Growth potential linked to a market index
- Tax-deferred accumulation
- Optional guaranteed lifetime income
- No direct market risk to your contract value
Important: indexed annuities are insurance contracts, not bank deposits — they are not FDIC-insured or bank-guaranteed. Withdrawals beyond any free-withdrawal amount during the surrender period may incur a surrender charge, and caps or participation rates limit how much index gain is credited. Ask your agent for the specific contract's terms before applying.
Hypothetical illustration for educational purposes only — not a projection or guarantee. Policy and contract charges, caps, and participation rates are not shown and affect actual values.
Debt Solutions
For clients carrying significant unsecured debt, we partner with a dedicated debt resolution program that negotiates directly with creditors to reduce what you owe, with no upfront fees — fees are charged only as debts are settled. Before you enroll, the program explains its fees, how long it typically takes, and what to expect, so you can decide with the full picture.
You'll be redirected to an independent debt-resolution company, not affiliated with Honor & Life.
Important: this program is not a loan and does not guarantee any creditor will agree to a reduced settlement. While enrolled, your accounts may continue to accrue interest and fees, and creditors may pursue collection activity, including lawsuits, until an account is settled — your credit score may also be negatively affected. Debt settled for less than owed may be reported as taxable income (IRS Form 1099-C). Results vary and are not guaranteed.
Hypothetical example for educational purposes only — not a promise or typical result. Actual outcomes, timelines, and fees vary; creditors aren't required to settle.