Whole life insurance is a permanent policy, which gives you guaranteed protection for your loved ones and for the next generation. With whole life insurance, unlike term, you build guaranteed cash value which is an asset, which you can use for long-term care and medical expenses later in life. Participating whole life insurance is also eligible to earn dividends, which can be used to increase the death benefit and the cash value of the policy.
Buying Protection that Can Deliver Valuable Benefits to Your Family
Builds Cash Value
The policy builds cash value over time that can be used to help you pay for college, supplement your retirement income, or for emergencies.
Death Benefits
Ensures a guaranteed death benefit, which means that your loved ones will receive a lump sum of money regardless of how long you live.
Opportunity to Earn
Policyowners are also eligible to receive valuable dividends. While dividends are not guaranteed, policyowners are eligible to receive payout each year.
Long-Term Care
Allows you to receive a portion of the death benefit be used to pay for long-term care expenses.
WHO SHOULD CONSIDER
Whole life insurance
Can help protect your spouse during retirement or become a legacy for your loved ones. It also provides guaranteed cash value that you can access at any time for any need, including funds to help pay for college, cash to support your business, or provide income in retirement. When we consider protection strategies as part of a holistic plan to achieving PEAK performance in life with the confidence knowing the benefits you will accrue to your family upon death.
We Make It Simple
With Our Approach
1
Discovery Process
Starting smart begins by getting a clear understanding of an investor’s current financial situation and how they would like it to progress to help meet their future lifestyle goals and objectives.
2
Designing Your PEAKPlan
Once we’ve gathered information, our team will develop a holistic financial plan tailored for you and your family that combines both investment and annuity solutions. The PEAKPlan is designed to be simple, reliable, and effective to meeting your needs in retirement and to accumulate wealth for wherever your starting point is. We also offer free online tools that allow you to visualize different scenarios so you can make the best choice for your lifestyle.
3
Implement, Monitor & Communicate Progress
We will then put your PEAKplan in motion. As time goes by, we proactively manage your plan, monitor its progress, and adjust it to meet shifting objectives and changing market dynamics. We believe communication is one of the most important aspects of success going forward as life evolves to ensure we meet your goals in the future.
Comparing Life Insurance Options
| Term Life | Whole Life | Universal Life | Variable Universal Life | |
|---|---|---|---|---|
| Who Is It Good For? | Needs life insurance only Most affordable option Offers coverage for a specific period of time -often 10,20 or 30 years |
Values guaranteed premiums, cash value growth, and the potential to earn dividends1- all in a policy that provides lifetime protection | Interested in long-term coverage with flexible premiums and the potential to build account value | Wants investment options, flexible premiums, and long-term coverage in a single product |
| Guaranteed Premiums |  |
|
Some policies have guarantees | Limited guarantees may be available |
| Flexible Premiums | No | No | |
|
| Investment Options | No | No | No | |
| Cash Value Growth | No cash value | Guaranteed growth |
Based on the current interest rate (which cannot be lower than the guaranteed minimum rate) | Potential to increase or decrease based on performance of the underlying investment options |
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Insights at PEAKadvice
