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It has been said of life insurance that nobody wants it, but everybody owns it. The common dislike of life insurance is understandable, because it is generally perceived to benefit only the
insured's beneficiaries, and its purchase forces us to admit our own
mortality. However, there are also a number of benefits available to owners during their lifetimes. Life insurance can provide:
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Tax-deferred accumulation of wealth (cash values) within the
policy. Tax-free access to accumulated value for income or emergencies.
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Access to cash values via withdrawals and loans during the insured's lifetime.1
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Income tax-free payment of the death benefit to the beneficiaries.
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A potential solution to business or estate transfer problems.
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Access to top money managers and the ability to direct one's own investment within the policy (variable life policies only).
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Asset allocation
models and the ability to transfer assets at no cost between the subaccounts of the policy (variable life policies only).2
How
Much Life Insurance?
Fund Links:
1. A contingent deferred sales charge may be assessed against
the contract value of a variable product if the policy is
surrendered early. The termination value may be more or less
than the amount of the premium payments made to the contract.
2. Variable life insurance is a security and is offered by
prospectus only. Shares of variable life insurance
subaccounts are subject to investment risk including possible
loss of principal amount invested, and will fluctuate in
value. |
