Security of fixed premiums and payout

Whole life insurance may allow you to build cash value inside the policy while safeguarding your family, should anything happen to you. A portion of your premium will be applied to the policy's cash value and grow at a minimum rate guaranteed by the issuing insurance company. Whole life is an essential tool for long-term estate planning and supplemental income strategies. The earlier you buy whole life, typically the lower the premium. It's an excellent way to fund your long-term goals.

Single Premium Life Insurance for wealth transfer

You can choose to pay for a life insurance policy with a single premium: this can be an efficient method of transferring your assets to your family or charitable organizations. With one lump sum payment, you will have a paid-up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confidence.

• Flexible premium payments - Investment performance can create payment flexibility – though poor performance may require additional premiums 
• Control over investment options, in which you can allocate a portion of your premiums: you can choose from a variety of assets which offer different levels of risk and growth potential
• You may be guaranteed a minimum growth rate by the issuing insurance company*
• Tax-deferred earnings and tax-free transfers within the separate account
• Greater growth (and risk) potential than whole life insurance. With a variable universal life policy, you assume the entire investment risk

* Some policies offer a fixed account option that pays a guaranteed crediting rate.

Flexible protection
You have flexibility to choose the amount of protection best suited to your family.

Flexible premium
You control the amount and frequency of payments and have the option to make additional premium payments, subject to the policy agreement. Of course, depending upon policy performance and factors such as loans and withdrawals, the policy may require a minimum premium(s) to keep it in force.

Earnings potential
The issuing insurance company may guarantee a minimum growth rate on the cash value of the policy in some cases.

 

The flexible nature of universal life insurance means premiums can be altered over time, so you may be able to continue coverage even if you need to reduce your payments.