Owning a whole life insurance product offers a person many options throughout
their life. Read some of the articles we have written to decide if whole
life insurance is something that you should own.
You have the option of having the policy pay for itself over time by applying dividends to pay premiums. This feature may be invoked or changed at any time to meet the changing circumstances of your life.
ABILITY TO INVEST CASH VALUE INTO GROWTH SECURITIES
Policy values are always available via a policy loan and may be used for a variety of reasons including investment in growth securities. Dividends may be applied, if declared, to paying loans. Dividends are not guaranteed.
DEATH BENEFIT INCREASE
When dividends are used to purchase paid-up additions, death benefits will grow, helping offset the eroding effects of inflation. Once a dividend has purchased paid-up-additions, the additional death benefit and cash value of the paid-up-additional insurance is guaranteed.
