This type of coverage is like whole life insurance, but allows greater flexibility in that you can adjust premiums and the death benefit. Premiums will be adjusted accordingly.
This type of life insurance is more complex than whole life, and the cash value accrual is based on the insurer’s investment strategy.
These policies are a good choice if you want coverage for life without premiums for life. Use: Pension maximization and Tax advantaged retirement income Read More >>
This life insurance policy covers an entire lifetime, and will provide the benefits to beneficiaries at death no matter when it occurs.
Generally, these policies have higher premiums, which can be paid over the course of a lifetime, or during set terms. They pay out annual dividends which can be a great benefit, but they are more expensive than other options, and therefore not ideal for everyone
Use: The savings component accumulates cash, which is one key element plus it may have important tax advantages Read More >>