Interest Sensitive Whole Life

Policy Description

The Interest Sensitive Whole Life plan is what is historically referred to as Permanent Insurance.  You decide upon a level of benefit then pay the corresponding premium.  It accumulates a cash value that increases at a guaranteed rate, but can increase significantly higher based upon market rates.  If that cash value exceeds a certain level, in pushes the benefit higher.  The other good thing about the cash value is that it can be used as a source of cash that you can borrow against or surrender when the death benefit need is covered elsewhere. 

Another positive aspect of the cash value accumulation is that it will allow you to discontinue premium payments and accept a “Paid-Up” policy that you do not have to make payments on again.  That policy typically is less than the original benefit level, but the cash value still increases. 

Due to its fairly inexpensive premium schedule and low minimum benefit levels, this product can be used as:

·        Part Of An Employees Compensation Package

·        Wealth Transfer Vehicle

·        Child Coverage

The flexibility of this product type has made it the most widely owned in the nation.

Policy Specifications