Stewart Financial Services

Whole Life Insurance

Whole Life Insurance provides permanent, lifetime protection for a level premium. Depending on the plan you buy, Whole Life Insurance spreads the cost of your coverage over the lifetime of the policy or over a limited period of time. Many people appreciate this kind of security, knowing that when they die, their beneficiaries may receive the full amount of their insurance, tax-free. With Whole Life Insurance, your premiums never change, but there is opportunity for the premiums to be eliminated after a period of time.

• Premiums remain the same for the life of the policy (or the payment period).
• Meet long term needs.
• Provides lifetime coverage.
• Opportunity for savings growth within the policy.
  
  

Participating Whole-Life insurance Dividends are paid to you to refund the portion of your premium payments in excess of the company’s actual costs, taking into consideration actual investment earnings, expenses, termination rates and mortality. Policy owners have the potential for earning policyholder dividends that can be used to purchase additional life insurance or reduce your own out-of-pocket premiums (policy holder dividends are not guaranteed)

Limited-Pay Whole Life Insurance For people who want permanent life insurance and who want to finish paying for it within a certain time period (10, 15 or 20 years). This product is designed for the consumer who wants to pay for insurance over a short period of time.

 

In most cases we expect to live a long healthy life and die in our later years. However if we all waited to purchase Life Insurance until we expected to die, the cost of the Insurance would defeat the purpose of buying it.

Therefore, many Whole Life Insurance policies are priced with level premiums so the cost of the insurance is kept at an affordable level throughout the lifetime of the insured.

 

Contact Stewart Financial Services for more information regarding Whole Life Insurance.