Whole Life insurance provides insurance coverage with a guaranteed death benefit to meet long-term insurance needs. Your customers can take comfort in the guaranteed level premiums and the cash value accumulation throughout the length of the policy.
Whole life insurance is designed to provide a base of life insurance coverage for a lifetime. It offers life insurance protection, tax-deferred1 cash accumulation (based on current tax laws), and cash value loan privileges - all in one policy.
The premium is based on the death benefit selected and optional riders, as well as age and tobacco status. The insurance coverage, premium amounts, and cash value are guaranteed as long as required premiums are paid.
1 This communication is not intended or written to be used, and cannot be used by the recipient or any other person, for the purpose of avoiding any tax penalties that maybe imposed on such a person, and cannot be used or referred to, in promoting, marketing, or recommending to another party any transaction or matters addressed herein.