Whole Life Insurance permanent life insurance protection that protects your family or business no matter what lies ahead, from the day you purchase the policy until you die, as long as you pay the premiums when due.
Whole life insurance can be a solid foundation upon which to build a long-term financial strategy because it guarantees a lifetime of protection for your family or business.
Generally, the death benefit can be used for:
Survivor needs
Mortgage protection
Wealth transfer
Charitable giving
Business needs
The cash value of Whole Life Insurance can also be accessed2 during the insured’s lifetime for:
Supplementing retirement income
College tuition expenses
A down payment on a home
Emergency and other needs
Life Insurance company offers three Whole Life policies:
Our Whole Life policy is permanent life insurance providing death protection benefits, accumulating cash value and offering the potential for the policy to earn dividends1.
Custom Whole Life insurance offers the same basic insurance/death protection as Whole Life insurance, while also allowing you to select how long you pay premiums3. It is designed to build the cash value which can be accessed2 once the policy is paid up.
Modified Premium Whole Life insurance differs from Whole Life insurance by offering a lower initial premium that remains level for the policy’s first five years. The premium increases in year six and remains level for as long as you own the policy.
0 komentar:
Posting Komentar