USES OF WHOLE LIFE

ASSET MAXIMIZATION

One of the unique benefits of Whole Life Insurance is the way it enhances the value of other assets in your estate. By keeping a permanent insurance policy in place, it will allow the policyowner peace of mind spending more of their assets and enjoying life instead of saving all their earnings to prepare for impending estate taxes placed to their surviving family members. In other words, Whole Life becomes a 'permission slip' that enables you to maximize your retirement income and personal net worth.

PENSION MAXIMIZATION

One question - do you believe your companies' retirement pension plan will offer you enough to cover all living expenses going forward for you and your family into retirement? Sadly, for many individuals in today's world, this is simply not the case. Most retirees will select a joint and 50% survivor annuity as the retirement income option on their pension plan. The cost of selecting this option is a lower retirement income, as much as 15%, followed by an income to a surviving spouse of 50% of the lowered retirement income. Having a Whole Life Insurance policy in place may allow a retiree to take a much higher retirement income in the form of a single life annuity because the insurance benefits will be available to a surviving spouse as a future source of income.