Variable Life Insurance
Why choose variable life insurance?
Variable universal life insurance offers a life insurance policy with the potential for greater cash value and death benefit growth than traditional life insurance. Because you determine where your policy’s cash value is invested you can take on more risk in exchange for potential growth. It can be an effective tool to fill the financial gaps upon your death whether the need is to replace your income for your family in designing your estate planning strategies or providing solutions for the financial and life insurance needs of a business.
Variable Life Insurance Overview
Variable life insurance includes a variety of investment choices, premium payment flexibility, and the potential to withdraw funds or borrow against the Policy Value.
Keep in mind that the Policy's investment orientation means that Policy’s performance is subject to the investment results of the underlying investment divisions, both decreases and increases.
If you need life insurance and are not discouraged by market volatility and the potential loss of principal, then Variable Life Insurance may be right for you.
What should you look for when purchasing a Variable Universal Life Insurance policy?
- Design flexibility
- Customize death benefit
- Flexible premium payments
- Policyowner control over investment of net premiums
- Policy value accessible through withdrawals or loans
- Investment choices
- Investment funds that offer a wide range of risk levels
- Transfer assets among investment funds without incurring taxes
- Dollar cost averaging to direct a specified amount into your chosen investment funds on a regular basis
- Company strength
When to Use Variable Life Insurance
- When you have a long-term time horizon.
- When you want to make an appropriate subsequent purchase to round out an existing insurance portfolio.
- When you want to invest your policy values more aggressively for a permanent life insurance policy.
- When you can tolerate volatility of investment returns.
- When you have the ability to pay premiums over an extended period of time.