Permanent Life Insurance
Permanent life insurance can protect you for your lifetime. It can build a tax-advantaged cash surrender value and provide a death benefit.
What types of permanent life insurance can you buy?
Universal life insurance combines permanent life insurance protection with a tax-advantaged investment component. As cash value accumulates, you can use it to pay part or all of your insurance charges.
Participating life insurance combines permanent life insurance protection with a tax-advantaged savings component. It can protect you for life, provided your premiums are paid when due. Participating life insurance policies also have a potential to receive policyholder dividends.
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