This has the duel advantage of both increasing the death benefit available for beneficiaries, and increasing the growth rate of the dividend payment through the
higher guaranteed minimum cash value growth (paid up whole life insurance still has guaranteed cash value growth).
Thus, these policies offer possible upside growth tied to an equity index, while providing a floor on the downside with
the guaranteed minimum cash value.
Some whole life policies
guarantee a minimum cash value, while other types don't.
Take a look at this chart of a sample whole life policy that pays dividends and offers
a guaranteed minimum cash value.
Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.
There is
no guaranteed minimum cash value with variable universal.
Interest Sensitive Whole Life ℠, a whole life insurance plan, offers permanent protection and
a Guaranteed Minimum Cash Value.
On the other hand, again like EIAs, there is
a guaranteed minimum cash value that serves as a floor on policy values in case of a declining stock market.
permanent policy with
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.
Thus, these policies offer possible upside growth tied to an equity index, while providing a floor on the downside with
the guaranteed minimum cash value.
A permanent policy with
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.
There is
no guaranteed minimum cash value, but most policies have a minimum guaranteed death benefit provided you pay the premiums for a set number of years.
There is
no guaranteed minimum cash value in a Variable life policy.
Whole Life: A permanent policy that offers
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.
Some whole life policies
guarantee a minimum cash value, while other types don't.
Take a look at this chart of a sample whole life policy that pays dividends and offers
a guaranteed minimum cash value.
Accidental Death Benefit, Child Protection, Disability,
Guaranteed Minimum Cash Value and Survivorship Option riders are available with a universal policy.
Accidental Death Benefit, Child Protection, Disability,
Guaranteed Minimum Cash Value and Survivorship Option riders are available with a variable life policy.
Also, there will be
no guaranteed minimum cash value in this type of policy.
Accidental Death Benefit, Child Protection, Disability,
Guaranteed Minimum Cash Value, and Survivorship Option riders are available with a whole life policy.
This is a permanent policy with
a guaranteed minimum cash value that increases every year and equals the policy's face amount when the insured reaches age 100.
permanent policy with
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.
Here, there will be
no guaranteed minimum cash value.
There is
no guaranteed minimum cash value in a variable universal life insurance policy.
There is also
no guaranteed minimum cash value with this type of life insurance policy.
A permanent policy with
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.
Guaranteed Minimum Cash Value - The illustration will guarantee a minimum cash value accrual for each year.
A whole life insurance policy will
guarantee a minimum cash value each policy year if all premium payments are made.
Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with
a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.