Three Guarantees in One Choice

"How does whole life work?"

The answer begins with three basic elements of a whole life insurance policy:

These elements are more commonly known as the guaranteed values. In today's financial world, where few guarantees exist, a Whole Life Policy maximizes the advantages of these three guarantees into one powerful solution.

• The Death Benefit
• The amount that a beneficiary receives upon the death of the insured person. The death benefit starts out being the "face amount" of the whole life policy, but may increase over time as the internal values grow. It is contractually guaranteed to never go below the amount stated in the policy, provided the policy is kept in force. Your beneficiaries can count on a predictable amount of money to maintain a lifestyle or achieve specific goals, like putting children through college.

• Whole Life Premiums
• The payment you make periodically to maintain the policy. With Whole Life, these payments are established at issue and predictable throughout your lifetime. They are specified at the time of purchase and contractually guaranteed never to increase. In a world of fluctuating prices and creeping inflation, you can safely lock in costs and not worry about large increases in premium to keep your coverage in place.

• Cash Value
• A systematic, tax-advantaged accumulation of value built into the policy from each premium payment made. It is contractually guaranteed to grow annually until it is equal to the face amount of the policy at a specified age, usually 100. As long as you keep the policy in force, regardless of interest rate changes or market conditions, you can count on steady accumulation, year after year.

You can add options which include other guarantees. But with just three guarantees, whole life offers an advantage that is rare in today's unpredictable world. Whatever you call it...comfort, security, peace-of-mind..it's a great foundation to build upon. Even if you suffer setbacks or make financial mistakes, you will enjoy all three guarantees in one simple solution that helps you stay focused on long-term goals.