PARTICIPATING LIFE INSURANCE
Participating Life Insurance is another form of Permanent Life Insurance, similar to Universal, but has its own unique benefits.
Participating Life Insurance is another form of Permanent Life Insurance, similar to Universal, but has its own unique benefits. It offers you the best of both worlds where you not only build financial security for your loved ones but also grow your wealth tax-free.
Benefits of Participating Life Insurance:
- Tax-free payout to your beneficiaries after your death.
- Guaranteed cash value that can be accessed tax-free to fulfill your expenses or retirement needs and also includes and tax-efficient estate transfers.
- Your funds are professionally managed and may provide you with dividends on your premium.
- Pay your premiums and your policy’s cash value grows tax-free, within limits
- Your payments go into the participating account that is professionally managed
- That money is used to pay for expenses, taxes, insurance claims and other items
- You may receive dividends based on the participating account’s performance
- You can take your dividend as cash, buy more insurance or pay for your existing coverage
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