Whole Life Insurance
There is no other financial product that can build wealth in good markets and bad markets, protect and conserve assets, and provide tax advantaged transfer to family or charities.
Participating whole life insurance is one the oldest life insurance products. Some of the companies that issue these policies have been in business since the 1800s and we are proud to conduct business with them.
The benefits of choosing a participating whole life insurance policy are that the policies have a savings component, potential to receive dividends, and offer life long protection.
Do you have a crystal ball to see your future financial situation in 20, 30, 40, 50 years? Consider the strong contractual guarantees of dividend paying life insurance to protect your financial future.
There are several options including:
Life Insurance Premium Deposit Account- Allows for the client to make one time payment to fund a life insurance policy over time. Can be beneficial to clients who want a “one and done” payment and not have to worry about making additional premium payments.
Single Premium Programs– There is a one time premium payment to fund the life insurance policy and no other premiums are required.
Limited Pay Programs– Premiums are paid over relatively short period of time usually 10 or 20 years. After that premiums are no longer required and the death benefit is permanent. These are sometimes used to build cash value quicker and more efficiently.
Longer Duration Programs– Premiums are paid over a longer period of time usually to age 100 or 121. Designed to be more affordable permanent insurance focused on the death benefit and not cash value accumulation.
Depending on the program selected there can be additional benefits such as flexibility in how dividends are used, waiver of premium, and more!
Contact us today to design a program custom to you!