Flexible premium payments with investment sub-accounts
Accumulates cash value
Suitable for estate planning
Tax-deferred growth of cash (consult a tax advisor for personalized advice)
Advantages
Variable Life Insurance allows you to modify your payment amounts and provides the opportunity to invest in market-based sub-accounts, potentially enhancing returns and benefits.
Accrues cash value over time, acting as a compelled savings plan, allowing withdrawals in your lifetime. Be aware that withdrawing cash may affect the policy's death benefit.
Useful for estate planning purposes, the policy's death benefit can establish a legacy for heirs, support a preferred charity, or address various estate planning needs, such as covering potential taxes.
Tax-deferred growth in cash value offers an extra savings avenue. Use the cash value for purposes such as college expenses or retirement income. Note that withdrawing cash may affect the policy's death benefit.
Whole Life Insurance
Features
Stable premium payments throughout the lifetime
Accumulates cash value for use in various financial circumstances
Accrues cash value over time, acting as a compelled savings plan, allowing withdrawals in your lifetime. Be aware that withdrawing cash may affect the policy's death benefit.
Useful for estate planning purposes, the policy's death benefit can establish a legacy for heirs, support a preferred charity, or address various estate planning needs, such as covering potential taxes.
Tax-deferred growth in cash value offers an extra savings avenue. Use the cash value for purposes such as college expenses or retirement income. Note that withdrawing cash may affect the policy's death benefit.
