An ideal product for the young and the old, Whole Life provides the extra security of guaranteed protection at affordable rates, yet it maintains the element of cash value accumulation for pre- and post-retirement needs.
The certainty of level premiums.
- A guaranteed interest rate.
- A guaranteed death benefit.
Current forms of Whole Life insurance enable policy owners to benefit from favorable experience and a strong economy by crediting excess interest to the policy.
These “interest-sensitive” Whole Life policies are popular with individuals who value strong underlying guarantees but don’t want to miss out on the opportunity for increased cash-value performance. Like all forms of permanent life insurance, Whole Life may be converted into retirement income. When you reach retirement, you can use loans and withdrawals from the policy’s cash value to purchase an annuity that can provide additional funds for your retirement needs.