Variable life policies give you the flexibility to allocate premiums among the insurer's investment options. If you feel comfortable taking investment risk to maximize the long-term growth potential of your insurance plan, you may want to consider a variable life policy.
- Variable life is permanent life insurance with a tax-deferred cash value component
- You can diversify among the equity, bond, and money market portfolios the insurer offers
- Choose investments -- from aggressive to conservative -- according to your goals and risk tolerance
- Change your investment mix as your goals change or to adapt to market and economic conditions
- Tax-deferred cash values may be accessed to meet goals such as sending children to college or supplementing retirement income
- Death benefits paid to beneficiaries are generally free of federal income tax
With variable life, the death benefit amount and cash values will increase or decrease depending on the performance of your investments.
- It's wise to have a long-term time horizon so you can ride out market volatility
- Make sure that investments selected correspond to your risk tolerance
- Keep investments adequately diversified to mitigate risk and enhance long-term performance
- Read and understand the prospectus before making your investment choices
Whether you'd like more information about variable life policies or want a comprehensive review of all your life insurance needs, we're here to help. Call us and we can:
- Arrange for a financial needs analysis to see how your current coverages match your goals
- Review policy features and options such as waiver of premium, accelerated death benefits, or accidental death riders
- Help you select policies from carriers with personalized service and superior ratings for paying claims