WHOLE LIFE INSURANCE

Whole Life is permanent insurance coverage that guarantees level premiums and the accumulation of cash values. Whole Life insurance is a good choice for long range-goals. There is participating whole life insurance, usually issued by a mutual life insurance company where one participates as an owner of the company. There also is non-participating whole life insurance issued by a stock life insurance company.

Who Should Consider Whole Life Insurance?
While all life insurance policies are designed to provide a measure of financial security for your family if you die prematurely, cash value policies – like Whole Life and Universal Life policies - may be appropriate for other financial planning needs as well. You may want to consider cash value insurance when:

• Planning long-range goals
• You might need access to cash temporarily or for emergencies
• You want to have a life insurance policy in force throughout your lifetime.
• The savings element appeals to you.

Benefits of Whole Life

• Guaranteed Cash Values - A portion of the money paid into a whole life policy accumulates as guaranteed cash values. Therefore, if the policy is surrendered, these guaranteed cash values would be available to the client. Or, as long as the policy is in force, the client may borrow against them as a policy loan at the current policy loan interest rate.
• Premiums level and payable for life - Since premiums are level, the younger your client is when they purchase the policy, the less expensive the annual premiums will be.
• Dividends - Whole life insurance policies can earn dividends. Dividends result when the actual life insurance costs turn out to be less than assumed when setting the premiums.

Contact us for more information and to discuss your individual needs. Consultations and insurance quotes are provided at no charge to you. You may also request an insurance review.