Whole Life
The Protection You Need
Whole life insurance covers you for your whole life. It provides your beneficiaries a tax-free payment after you die. Some plans can build cash value over time. Permanent insurance costs are usually guaranteed not to increase from the time you first buy the policy. And some permanent insurance plans give you option to for a limited time (10 years, 20 years or till age 65) and you are covered for ever with guaranteed cash. It is available as single life, joint life, joint first-to-die and joint last-to-die.
Why Whole life insurance?
Whole life insurance may be a good choice if you are:
Whole life provides death benefit to your loved ones which can be used to replace your income and keep the life style which you have provided.
Whole life provides a tax-free death benefits and creates an instant legacy to your family.
Proceeds from the death benefits can be used to pay taxes, final expenses and fee payable at death, and balance can be as inheritance.
Cash of the plan can be used as supplement to your retirement income, help your children/ grand children’s educational and financial needs or even pay future premiums.
You can chose to pay this plan of in 20 years too
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Whole life meets your need?
In a low interest rate environment where guarantees are scarce, whole life provides a stable, hands-off investment option that offers tax-advantaged growth. With two plan types to choose from, you can select the plan and features that best meet your insurance and savings goals.
Leave a legacy. Increase wealth. Save tax.
Tax-efficient alternatives for estate transfer and retirement income. The preferred
Whole Life policy collateral loans
Whole life policyholders can use the cash surrender value of their life insurance policy as collateral for a tax-free bank loan.
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Whole life for children
Purchase 20 Pay whole life policy on your children or grandchildren today, and they will benefit from a paid-up base plan that provides insurance protection at a time when their needs are high but their discretionary income may not be. Adding the Flexible Guaranteed Insurability Option rider guarantees their right to purchase, without evidence, up to $500,000 of additional insurance in the future, when major life events increase their need for insurance protection.