Whole Life Insurance
Permanent life insurance protection designed for guaranteed cash value growth helping you build wealth.
Whole life insurance offers the following
Guarantees for you and your family
The policy premiums are guaranteed not to increase.
Cash Value Accumulation
Your cash value grows over the life of your policy, providing cash that you can withdraw or take a loan against.
Dividends
Your cash value growth is guaranteed and is also eligible for dividends each year.
Financially sound companies
The whole life insurance companies that we use are A+ rated mutual life insurance companies that have been around for over 100 years.
Several options are available with whole life insurance
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Horizon Guarantee
A participating whole life policy designed to provide a guaranteed death and lower premiums while still guaranteeing cash value accumulation and eligible for dividends.
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Horizon Value
Early, fast and guaranteed cash value growth. Horizon Value can be structured so that additional cash can be added to your policy to accelerate your cash value. Perfect for the Infinite Banking Concept.
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Horizon Legacy
A single premium option that you can use for tax-free wealth transfer. Maximize the amount of money that you want to leave your loved ones while still maintaining control if you need access to it.
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Advantage Plus II Non Medical Underwriting
You can be insured for up to $400,000 of participating whole life insurance without the need for a medical exam. A great option for busy people that need coverage quickly.
Customize your whole life policy with these riders
Accidental Death Benefit
Additional cash paid to your family if you die accidentally.
Disability Waiver of Premium
If you become disabled this benefit will pay the premiums on your policy.
Paid Up Additions Rider
You can make additional premium payments into your policy to increase the cash value buildup inside your policy. These additions also increase your death benefit.
Term Rider
You can add an inexpensive term life insurance rider to your whole life policy to increase your death benefit.
Accelerated Death Benefit
Provides Critical, Chronic and Terminal Illness benefits. These benefits pay you cash when you become sick or have a critical event such as a heart attack, stroke or develop cancer.
Common Questions about Whole Life Insurance
Lifetime Coverage: Whole life insurance provides permanent protection, as long as premiums are paid. This guarantees that the insured party is covered for their entire life without needing to renew or convert the policy.
Fixed Premiums: The premiums for whole life insurance are fixed, meaning they do not increase as the insured ages or if their health status changes. This predictability helps in budgeting and long-term planning.
Death Benefit: Beneficiaries receive a death benefit when the insured passes away. This benefit is guaranteed, provided the policy is active, offering peace of mind that loved ones will have financial support.
Cash Value Growth: Whole life policies include a savings component, known as cash value, which grows over time on a tax-deferred basis. Policyholders can borrow against the cash value or even withdraw a portion under certain conditions.
Tax Benefits: The death benefit of a whole life insurance policy is generally tax-free to beneficiaries. Additionally, the cash value grows tax-deferred, which can be a significant advantage for long-term growth.
Dividends: Whole life policies are "participating" and may earn dividends. These dividends can be used to decrease premiums, increase the cash value and death benefit, or even taken as cash, adding a potential investment return on the premiums paid.
Yes, you can cash out a whole life insurance policy. This is done by accessing the cash value that has accumulated over time within the policy. Policyholders can withdraw from or borrow against this cash value, although withdrawals may reduce the death benefit and potentially the policy's overall value. If a policyholder chooses to surrender the policy entirely, they receive the cash surrender value, which is the cash value minus any surrender charges. However, this also means losing the insurance coverage. It's important to consider the financial implications and potential tax consequences before deciding to cash out a whole life policy.
There is more than one way to provide for the ones you love
| Your payments (premiums) | Payout for loved ones (death benefit) | Builds cash value | Guaranteed cash value growth | Potential earnings (dividends5) | Market growth potential | May go from temporary to permanent | |
|---|---|---|---|---|---|---|---|
| Term Life | Remains level for a period of time you select, then increases over time | ||||||
| Whole Life | Always the same amount | ||||||
| Universal Life | Can be adjusted | In some cases | Guaranteed minimum interest credited | ||||
| Indexed Universal Life | Can be adjusted | Cash value growth subject to market growth |
Wondering What an Whole Life Insurance Policy Might Look Like For You?
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