Settlement Options
Policy provisions which provide choices for the distribution of the policy’s proceeds. Choices include: lump sum, specified number of years, or life long payment plans. Straight Life Annuity
A type of annuity that provides periodic income payments for the lifetime of the annuitant. Surrender Charge
A provision in which a certain percentage of a policy or contract’s accumulated value is subtracted from the surrender proceeds if a policy is cancelled within a specific number of years following issuance of the policy or contract. Surrender Value
The accumulated value of the policy less any outstanding fees, policy loans or surrender charges.
Forms & FAQs for All Products
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Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (800) 369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. The Representative may also be a credit union employee that accepts deposits on behalf of the financial institution.
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