Whole Life Insurance

Policy Highlights

• Guaranteed Premiums
• Guaranteed Cash Values
• Guaranteed Death Benefits

Types of Whole Life Insurance Policies

• Participating Whole Life Insurance Policy - Pays dividends, either a portfolio yield or new money rate, declared annually by the insurance company, based on the investment returns in the insurance company’s general account, AND/OR.
• Interest Sensitive Whole Life Insurance Policy - Pays excess interest, either a portfolio yield or new money rate, declared as often as monthly by the insurance company, based on the returns in the insurance company’s general account.
• Non-Participating Whole Life Insurance Policy - There are no moving parts, the premiums, death benefits, and cash surrender values are spelled out in the policy, and guaranteed. No dividends or excess interest are paid to the policy owner.
• Indeterminate Premium Whole Life Insurance Policy - An indeterminate premium whole life policy is similar to ordinary whole life insurance policy except that it provides for adjustable premiums. The company will charge a "current" premium based on its current estimate of investment earnings, mortality, and policy expense costs. If these estimates change in later years, then the company will adjust the premium accordingly but never above the maximum guaranteed premium stated in the policy.

Whole Life has many different premium schedules available, for example:

• Level Premium Whole Life Insurance
• Limited Payment Whole Life Insurance
• Single Premium Whole Life Insurance

These premium schedules are guaranteed at issue, and once the policy is paid-up, it will stay inforce for life.

The purchase of insurance is a serious decision, with significant financial implications for you, your family, your business, and your beneficiaries. That is why it is always a good idea to do business with a financial consultant and insurance agent that exhibits commitment to their profession. The best choice is an insurance agent that has earned the professional designations Chartered Financial Consultant & Chartered Life Underwriter.

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