Cash Value Life Insurance

Posted on April 20, 2010 and updated October 25, 2018 in Insurance Types, Life Insurance Canada News, Permanent Insurance 2 min read
Luciano Meirelles  Vov e Vov copy
Permanent insurance can help you
live out your golden years

Photo by Luciano Meirelles

Permanent life insurance is often referred to as cash value life insurance.

Permanent policies can be subdivided into the following three categories: Whole Life, Universal Life and Term 100 coverage. Whole Life and Universal Life plans generally build a cash value. Whole life policies offer more guarantees than Universal Life policies and can be further sub-divided into participating and non-participating policies.

Participating whole life policies have a guaranteed cash value and a dividend value.  The dividend within a participating whole life policy can fluctuate based on the companies’ responsibility. 

The non-participating power of Whole Life policies is fully-guaranteed and only offers a guaranteed cash value. 

Universal life plans unbundle the life insurance and cash value component out of a permanent life insurance policy. Universal life policies offer a wide variety of investment options ranging from a no-risk, fixed rate investment to  an equity based investment. 

For more details, you can visit our Permanent Life Insurance Quote Page or our  Universal Life Quote page or contact us at 1-866-899-4849.

  

avatar