Dependable protection that lasts a lifetime, you should consider the three types of permanent life insurance: whole, universal, and variable universal.
Whole life insurance offers:
- Great protection for pre-retirees, retirees and others who want to guarantee money to their loved ones
- The potential to earn excess credits6, which can be received in cash, accumulated at interest, used to buy additional life insurance or to help reduce premium payments or pay outstanding loans
- Cash value that increases regardless of market conditions
- Fixed premium payments over time
Universal life insurance offers:
- Great protection for those on the verge of entering their prime earning years and are looking for lifelong coverage
- Protection beyond the face amount of the policy
- Cash value that builds with the security of downside protection
- Flexibility to adjust your plan over time
Variable universal life insurance offers:
- Great protection for investment-savvy individuals
- The freedom to choose where to invest your cash value
- Potential to use your cash value for retirement or other life needs
