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Lifelong Coverage with Guarantees

Insurance

Whole life insurance is the most basic form of permanent life insurance. It provides a guaranteed death benefit, provided payment requirements are met, with tax-deferred cash value. Your regular payments (or premiums) are set at the time your policy is issued and will never increase. Interest is paid at a fixed rate and accumulates tax-deferred. It’s that simple.

KEY BENEFITS OF A WHOLE LIFE INSURANCE POLICY

Guaranteed death benefit1
Level premiums that will not increase as you grow older
Cash value that earns a guaranteed fixed rate of interest1 and grows tax-deferred
Option to pay additional premiums to increase your policy’s cash value
Access to cash value through tax-advantaged loans2

HOW DOES A WHOLE LIFE INSURANCE POLICY WORK?

You pay regular premiums.
Premium charges are deducted from your premium.
The remaining premium is applied to your account value.
Interest is credited to your account value at a fixed rate and accumulates tax-deferred.
Monthly insurance costs are deducted monthly from the account value.
If you cancel (or “surrender”) the policy during your lifetime, you’ll receive the cash value minus any outstanding loans or indebtedness. Surrender charges may apply.
The death benefit – minus any outstanding policy loans and interest due – is paid to your beneficiaries at death.