Permanent Life Insurance

Permanent Whole Life insurance is a powerful way for you to help protect your loved ones, now and in the future. By offering permanent protection with premiums that never increase, whole life allows you to provide for your family even when you can’t be there for them. Unlike Term Life insurance, whole life insurance policies build cash value that you can use while you are living to help meet a range of your financial goals.

Death Benefit

When you choose whole life insurance to protect those who matter most, you choose protection that is guaranteed to last a lifetime. Your premium will never go up and the guaranteed coverage amount won’t change. So, whether you just experienced the birth of your first child, or you are several years into retirement, you can feel the comfort of knowing that you’re covered.

Cash Value*

Many people choose whole life insurance because it can help them reach financial goals while they are living. A whole life policy accumulates cash value which is guaranteed to increase over time. You can borrow from your policy for many different reasons, including to help pay for college, supplement your retirement income, or provide cash for emergencies.

*Distributions under the policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and may be subject to a 10% tax penalty if the policyowner is under age 59. Access to cash values through borrowing or partial surrenders will reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Opportunity to Earn Dividends**

Whole life policy owners are also eligible to receive dividends. Any dividend you receive can be used to increase your life insurance protection and grow your cash value.

**Dividends are not guaranteed.