Whole Life Insurance
A whole life insurance policy can help you meet your financial goals by offering consistent premiums, a guaranteed death benefit and guaranteed cash value accumulation.
How does Whole Life work?
Whole Life insurance is a permanent life insurance policy that offers a guaranteed death benefit and builds guaranteed cash values that can be accessed through tax-advantaged policy loans.
You select the amount of coverage that fits your needs. Your premiums on your Whole Life policy will be guaranteed for the life of the policy.
The death benefit of the policy is guaranteed and does not reduce as long as you pay the basic premium. Cash values within the policy are guaranteed to increase and endow at the maturity of the policy.
Key benefits |
Why is this important? |
| Guaranteed premiums | Your premiums are guaranteed for the life of the policy. |
| Guaranteed death benefit | Your benefit never reduces as long as you pay the basic premium. |
| Builds guaranteed cash value |
Accumulates valuable long-term cash values for future needs like college education, paying off your mortgage early, or supplementing your retirement income. |
| Tax advantages |
Life insurance death proceeds are paid out income-tax free to your beneficiary. |
| Favorable loan feature | You can access your policy’s cash value tax-free through loans, which allows you to maximize your cash needs without sacrificing your life insurance protection. |
| Customizable |
Design your policy to reflect your particular needs and situation. |
