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Whole Life


Premiums generally are level and payable for life — Since premiums are level, the younger the client is when they purchase a whole life policy, the less expensive the annual premiums will be.

Dividends — Whole life insurance policies can earn dividends. Dividends result when the actual life insurance costs turn out to be less than assumed in setting the premiums. When this happens, a carrier may return a portion of the life insurance premium as a dividend. Dividends are not guaranteed, since the actual costs are unknown in advance.

Guaranteed Cash Values — Unlike term life insurance, which does not accumulate any cash values, some of the money paid into a whole life policy accumulates as guaranteed cash values. If the client choses to surrender the policy, these guaranteed cash values would be available to them. Or, as long as the policy is in force, they can borrow against them as a policy loan at the current policy loan interest rate.

 

Whole Life – Participating             

American National

Assurity Life

Guardian

Life Insur. Co. of the Southwest

MassMutual

Metropolitan Life

Minnesota Life

National Life

Penn Mutual

Single Premium Whole Life (wealth transfer)

Assurity Life

Liberty Life Assurance