Living Benefits of Whole Life Insurance

* Tax-free source of cash

  • Cash values can be accessed either as loans or withdrawals to cost basis and then loans
  • Dividends can be taken in cash, as opposed to buying paid-up additions

* Supplemental income at retirement for Key Employees using

  • Deferred Compensation Plan
  • Section 162 Executive Bonus
  • Split Dollar Plan

* Supplemental income at retirement for Individuals

* Out-of-pocket costs may be reduced as policy cash values grow