Permanent life insurance provides you with death benefit protection for your entire lifetime and offers the potential to accumulate cash value. The cash value within your policy can be used on a tax-preferred basis while you are still alive and a tax-free death benefit is paid to your beneficiaries when the insured passes away.
The more you know about life insurance, the better you can take advantage of its many benefits. Learn more about your life insurance options:
Discloure: Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender, and will reduce both the surrender value and death benefit. You should consult your tax advisor when considering taking a policy loan. Life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods. Please keep in mind the primary reason to purchase a life insurance product is the death benefit.