|
|
||
|
|
||
|
|
||
| Whole life insurance provides the strongest guarantees possible. | ||
|
|
||
|
Whole Life Insurance
Whole life insurance provides the strongest contractual guarantees possible in life insurance. You are guaranteed an annual premium and you are guaranteed a certain cash value. As long as the required premium is paid, the face amount and cash value will be guaranteed by the insurance company.
Whole life insurance is not for everyone and every budget. Those who can afford the permanent protection of whole life will find this life insurance contract to have significant benefits and tax advantages over the long-term. Whole life insurance is not designed for short-term needs. Only a participating whole life insurance policy pays dividends and dividends are not guaranteed. |
Whole Life Insurance
Also Available:
|
|||||||
|
Timeless Products
Whole life insurance may not sound like an innovative or exciting product yet when you come to compare the long-term value and performance it's hard to beat. There are two ways to purchase a whole life contract. You can purchase a full underwritten whole life policy and submit to a full paramedical exam that includes a blood profile and a urine specimen at the very least. You can purchase a guaranteed issue or simplified issue whole life policy where you may only have to answer a few questions to qualify for the policy. The differences between the two policies are enormous.
A guaranteed or simplified issue whole life policy will limit the face amount that can be purchased based on the insured's issue age and the premium required for the face amount will usually be higher than a comparable fully underwritten whole life policy. The insurance company is taking on greater risk with a guaranteed or simplified issue whole life product and they require a higher premium to compensate them for that additional risk. Your situation will dictate which of the two is better for you. |
Life Insurance Product Choices
|
|||||||
|
Timeless Features
Death Benefit Guarantee - As long as you pay the required premiums when due, your beneficiary will receive the guaranteed death benefit.
Level Premium Guarantee - You can choose to pay your premium monthly, quarterly or annually and your premiums are guaranteed not to increase.
Cash Value Guarantee - As long as you pay the required premiums when due, your cash value will grow every year based on the guaranteed values.
Dividends - Although dividends on a whole life policy are not guaranteed they can significantly increase the benefits of the overall policy. Dividends are only paid on participating whole life policies and they depend on factors such as the insurance company's investment earnings, claims experience and expense levels. This is where the insurance company you choose makes all the difference.
Tax Advantages - Your whole life policy's cash value grows tax deferred and the death benefit is paid to your beneficiary income tax-free (under current law). Your accumulated cash value may be accessed on a potentially tax-free basis through the use of withdrawals or policy loans. Ask us for more information on this. |
Product Information
|
|||||||
Copyright 1991-2007 Continental Five Insurance Group, Inc. All Rights Reserved.
|
||||||||
