SERVICES / LIFE INSURANCE
Protection for a lifetime.
A legacy with purpose.
Some responsibilities last longer than a set term. Permanent life insurance is designed for long-term protection and may build cash value, helping you plan for the people and priorities that matter most.
Whole life and universal life are common forms of permanent coverage. They work differently, but both require an appropriate funding strategy to keep the policy in force. The death benefit, guarantees, charges and cash value depend on the contract.
01
Guarantees: Traditional whole life commonly provides scheduled premiums, a death benefit and guaranteed cash values when required payments are made.
Costs: Premiums support coverage, expenses and cash value; early surrender may return less than premiums paid.
Funding risk: Missed payments or loans can affect coverage. Dividends, if offered, are not guaranteed.
02
Guarantees: Universal life credits interest subject to contract terms; any no-lapse guarantee has its own conditions.
Costs: Insurance and administrative charges are deducted from policy value and may change within contract limits.
Funding risk: Flexible premiums do not remove funding requirements. Lower interest or insufficient payments can require additional premiums or cause lapse.
03
Guarantees: Indexed universal life links interest credits to an index formula, with caps, participation rates or other limits. It is not a direct stock-market investment.
Costs: Policy charges continue even when index credits are zero.
Funding risk: Illustrated growth is not guaranteed. Low credits, withdrawals or loans can increase required funding and lapse risk.
MAKE AN INFORMED CHOICE
Compare guaranteed values with non-guaranteed illustrations side by side. Ask for a lower-crediting scenario, the premium needed to maintain coverage, surrender values by year, and the conditions of any no-lapse guarantee. An illustration is not a forecast or a promise.
Consider your budget over many years. Loans and withdrawals can reduce cash value and death benefits, increase lapse risk and create tax consequences. Review the policy regularly.
THE POWER OF CHOICE
Examples of companies offering relevant insurance options. DMD can help you explore which products are available for your needs and state.
Fixed indexed universal life insurance options for long-term protection and potential cash value growth.
Universal life insurance options designed for long-term protection, with features that vary by policy.
Life insurance and living benefit information from the National Life Group family of companies.
Product availability, underwriting, benefits, guarantees and riders vary by insurer and state. Logos identify their respective companies and do not guarantee eligibility, approval or a particular product’s availability through DMD.
Term covers a defined period. Permanent insurance is designed to last longer, subject to funding and policy terms, and may include cash value. The right choice depends on your needs and budget.
Not necessarily. The death benefit option in your contract determines what beneficiaries receive. Ask how cash value and outstanding loans affect the payout.
Some policies permit loans or withdrawals. These are not free money: interest, charges, reduced benefits and possible taxes can apply. Ask for an updated illustration before taking funds.
No. An illustration may show both guaranteed and non-guaranteed assumptions. Review each separately and ask what funding would be needed under less favorable assumptions.
FOR DMD AGENTS
Compare policy guarantees, funding needs, surrender schedules and illustration assumptions. Explain how loans and withdrawals affect benefits and policy duration. Use current carrier materials and document the client’s long-term protection need.
Let’s talk about the people and plans you want to protect. Our team can help you understand your choices and take the next step with confidence.
This page provides general educational information, not a quote or a coverage recommendation. Insurance coverage is subject to the issued policy’s terms, exclusions, limitations and payment of required premiums.
LEARN MORE: NAIC life insurance guide ↗ / California life insurance guide ↗