Term Insurance is for a period of time:

• Like medical insurance, you don’t recover money spent on premiums.
  

Permanent Insurance is for ever:

• Tax deferred and Tax advantaged.
  
• Whole Life, Universal Life (including Fixed Indexed) and Variable Life
  

• Whole life policies have guaranteed premiums, guaranteed cash values and guaranteed death benefits.
• Premiums are fixed and higher than for indexed products and are designed to be more than adequate to cover insurance company costs, while providing guaranteed coverage for life. Building cash value is a secondary objective and the built in growth tends to be low.
• Participating whole life policies offer dividends and non-participating policies do not.
• Dividends may include non-guaranteed dividends.
• Dividends are not taxable. Dividends are offered to Policy holders when the insurance companies investment returns are better or cost less for these policies.
• I do not offer it as a first option as it is an older product, and many better performing and lower premium options are now available (FIUL). If you request Whole Life insurance, I will be happy to quote you from the best performing carriers in the industry. I can show which Carriers have given the best dividends over the past 10 years and know which have the largest market share.

• In Universal LIfe, premiums and death benefits can be changed by the owner –high risk making the policy potentially non viable.
  
• FIUL is a specialized form of Universal Life, which is less flexible,with built in guard rails, is a lower cost than whole life, has higher potential gains and is tied to a mathematical index for gain. The index is guaranteed to never go negative, even if the market crashes:
• As a Permanent insurance product, it is tax advantaged; cash withdrawn as a loan is not taxable and beneficiaries are typically not taxed. One could design the loans to provide supplemental retirement income for many years, such as 20 to 30 years. The accumulated funds could be used for Long Term Care (LTC) with the LTC Rider included. It is also a good alternative to 529 plans.
• There is a lot more about indexes that I will be happy to explain in person.
• This is an excellent modern product and I recommend taking a serious look at it. Contact Us.
  

• Variable Life is the riskiest form of Permanent Life Insurance.
  
• Cash Value fluctuates, depending on the performance of financial markets such as
  the stock market and mutual funds.
  
• It is generally accepted that costs are high and risks are similar to the stock market.
  
• The upside potential is there, however, you need to be comfortable with the downside risk.
  
• You could do very well or lose it all.
  

• Indexes are managed by major Banks, Investment Banks or Insurance Companies
• You have control over performance by choosing which index to use at start of the contract and the end of each crediting period. All the Carriers I use, give you a choice of several indexes and even some exclusive index options.
• The key feature of indexes is that they are designed to be less volatile than the market and they guarantee no loss if the market crashes
• There are many facets to understanding how Indexes work. I will be happy to explain the details, in person.