Whole Life Insurance

Whole Life Insurance (also known as Permanent Life Insurance) remains in force for the whole of the policyholder's lifetime. The premium amount can be paid up over 20 years, until age 65, or to age 100. Participating insurance works well for people who have a long-term focus and for people who would rather have the investment component of their policy actively managed by investment professionals. Also, the investment mix is long-term in focus and lower risk than policies which utilize a significant portion of investments in equity-linked accounts. It is primarily invested in high quality bonds and mortgages. The long-term focus and high quality of the assets results in a relatively stable return over the long run.

This type of insurance typically has a guaranteed basic premium, guaranteed basic coverage and guaranteed cash values.

The initial premium for participating insurance is generally higher than for similar plans that don't offer dividends, but the net cost after receiving dividends is expected to be lower over the long term. There are a variety of ways to use the dividends. For example, dividends can be paid in cash or can be used to buy additional insurance on a tax-advantage basis.

It is really a good choice for you if:
• You want to leave your loved ones an inheritance
• You want to be able to stay insured, no matter what happens to your health

Advantages for opt Whole Life Insurance:
• Your costs are fixed – your premium will never go up
• You're covered for life
• You can be purchased as an only product or in combination with other life and health insurance products
• You can choose to round out your insurance with add-ons like:
   • A disability benefit
   • Accidental
   • Death and Dismemberment coverage
   • Accidental fracture
   • Children's insurance

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