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April 2020

Watch how whole life insurance saved one man’s business

It’s impossible to predict the future. And when times are uncertain financially, whole life insurance can protect you, your family and your business from devastating loss. Watch this video from Life Happens about protection during a financial crisis.

  • Cash value growth: Guaranteed cash value builds up on a tax-deferred basis, which provides a living benefit for financial needs. These values are available through loan or surrender.
  • Premiums: Premiums are guaranteed for the life of the policy and coverage remains in place as long as scheduled premium payments are made.
  • Accelerated benefit: If terminal illness occurs (doctor prognosis of 12 months or less), the policy advances up to 55% of the amount of coverage up to $100,000.
  • Non-forfeiture options: two options if the policy lapses:
    • Extended term: Purchases term insurance for the same amount of coverage for a shorter period of time
    • Reduced paid-up: Purchases a reduced amount of permanent coverage for the life of the insured

Contact your life regional sales manager with questions.