Permanent insurance provides protection for a lifetime, as long as you pay the necessary premiums. The death benefit protection will always be there when needed most. Permanent policies, such as universal life, provide cash value accumulation on a tax deferred basis. Funds accumulate in a "cash value" account by applying a current interest rate to a portion of the premium you pay and any accumulated amounts. You access the cash value account through loans, withdrawals or by surrendering the policy. Many people use these funds for education, retirement and emergencies.

Another added benefit of permanent protection is flexibility. With universal life and other interest sensitive products, you have the ability to adjust payment and protection levels. This flexibility can play an important role as your needs change.

Advantages:

• Protection is guaranteed for a lifetime as long as the necessary premiums are paid.
• Flexible to meet changing needs.
• Cash value accumulation account that can be used for many needs.
• Loans or withdrawals can be taken from the cash value account.
• Tax-deferred growth.

Disadvantages:

• Initially costs more than term insurance.
• Higher premiums may make it difficult to purchase enough protection.

Please contact us for additional information on any of our products.