Whole life is a versatile financial instrument devised for the protection of families, businesses, and the creation and enhancement of wealth. To appreciate the great value of this type of life insurance protection, one needs to explore how it works, its uses, its benefits, and the options you have in structuring a contract to meet your specific needs.
The protection and wealth-enhancing benefits of whole life insurance make it the most comprehensive financial tool available today. Its great value is enhanced by its flexibility, which enables it to be customized for a variety of consumer needs. Premium flexibility is provided by existing paid-up additions and dividend options. The loan feature and the ability to withdraw dividends provide readily available liquid assets. Together, the guaranteed cash value, guaranteed death benefit, and guaranteed premium provide policy owners with a solid foundation for financial protection and the ability to build wealth in a turbulent and uncertain world.