Start Fresh Every Year

With Cornerstone Index Advantage, the average of the monthly closing levels of the S&P 500®  index is calculated and used to determine the growth rate for the following policy year. †

In years when the market is declining, you are protected from market fluctuations and downswings in the index and your growth rate will never be less than 0% in any given year. Think of it as correction protection.

When the market turns around, you benefit from the market upswing. Your growth rate can increase all the way up to the index cap for the policy year. Think of this as recovery recognition.

So when the market goes down one year and up the next, you share in the recovery without having to overcome losses. Think of that as an annual reset advantage.

† See details regarding the S&P 500® index on previous page.

Cornerstone Index Advantage

Higher growth potential — with protection from market losses

Cornerstone Index Advantage is an equity-indexed product, ideal for funeral homes interested in the potential to earn a higher growth rate with no risk of losing money. This innovative product’s growthrate is based on the interest rate and driven by the performance of the S&P 500® index. It features:
 
  • growth starting day 1*
  • fixed growth rate first year
  • equity index-driven growth rate after the first year
  • growth compounded and credited daily
Like Cornerstone I and II, your block of business is invested in safe, solid fixed income investments, such as highly rated bonds. The growth rate for the money you earn during the first year is fixed. Then, for the second year and beyond, the growth rate is based on:
 
  • the S&P 500® index performance
  • a floor of 0% (to protect against losses)
  • a variable cap influenced by interest earned on fixed investments

Cornerstone Index Advantage Growth Examples

This chart shows what growth rates could be earned based on various S&P 500® returns, and how Inflation Guardworks with Cornerstone Index Advantage.
 

PRODUCT

INDEX FLOOR

EXAMPLE INDEX CAP

INFLATION GUARD GROWTH**

S&P 500® 
-10.0%

S&P 500® 
-2.0%

S&P 500® 
2.0%

S&P 500® 
4.0%

S&P 500® 
15.0%

Index Advantage
0.0%
3.5%
0.0%
0.0%
0.0%
2.0%
3.5%
3.5%
Index Advantage with Inflation Guard
0.0%
3.5%
0.5%
0.5%
0.5%
2.5%
4.0%
4.0%
Index Advantage with Inflation Guard Plus
0.0%
3.5%
1.0%
1.0%
1.0%
3.0%
4.5%
4.5%

 

* Daily growth credited after 2 for insureds over age 91+.
** Inflation Guard and Inflation Guard Plus on guaranteed goods and services only. 

S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"). The trademarks have been licensed to S&P Dow Jones Indices LLC and have been sub licensed for use for certain purposes by Physicians Life Insurance Company. The S&P 500® is a product of S&P Dow Jones Indices LLC and has been licensed for use by Physicians Life Insurance Company.

This life insurance is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, S&P or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the life insurance or any member of the public regarding the advisability of purchasing life insurance generally or this life insurance particularly or the ability of the S&P 500 to track general market performance. S&P Dow Jones only relationship to Physicians Life Insurance Company with respect to the S&P 500 is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices. The S&P 500 is determined, composed and calculated by S&P Dow Jones Indices without regard to Physicians Life Insurance Company or the life insurance. S&P Dow Jones Indices have no obligation to take the needs of Physicians Life Insurance Company or the owners of the life insurance into consideration in determining, composing or calculating the S&P 500. S&P Dow Jones Indices is not responsible for and have not participated in the determination of the prices, and amount of the life insurance or the timing of the issuance or sale of the life insurance or in the determination or calculation of the equation by which the life insurance is to be cash surrendered. S&PDow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the life insurance. There is no assurance that insurance products based on the S&P 500 will accurately track index performance or result in positive interest rates. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security,nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY PHYSICIANS LIFE INSURANCE COMPANY, OWNERS OF THE LIFE INSURANCE, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF INTEREST, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND PHYSICIANS LIFE INSURANCE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.