Life Time Insurance
Life Time Insurance is a also known as a “whole life insurance”. Whole life insurance is a strong investment plan of life time of you & your family. Get start with us and enjoy peace of mind. Whole life insurance provide peace of mind, offering a safety net that can help your family cover living expenses, debts, and future goals should anything happen to you.
Benefit of whole life insurance
- Cover potential risks for the insured person's whole life.
- Premiums are locked in for life - Means Stable Premiums.
- Over time, increase the cash surrender value (CSV).
- Guaranteed cash values, death benefit amount, and premiums for the duration of your life.
If you terminate your coverage, you can receive the following benefits:
Cash Surrender Value (CSV) less interest and any policy debts.
Automatic Premium Loan (APL :- In order to cover the missed premium, the insurer will immediately make a loan against the CSV through an Automatic Premium Loan (APL).
Reduced Paid-up Insurance (RPU): purchase a smaller quantity of paid-up insurance by using CSV as a single premium.
With Extended Term Insurance (ETI), you can maintain the same level of coverage for X years by using CSV.
Whole life Insurance Offers
Participating policies- They have the potential to pay dividends to policyholders. These dividends can be used to pay down next year’s premiums, be paid out in cash and used as a single premium to buy more one-year term insurance, be left on deposit to accrue interest, or be used to buy more whole life insurance (paid-up insurance) and increase cash value.
Non-participating policies: these often have lower rates but do not pay dividends to policyholders.
High-End Choices
- Lifetime payout (continuing until age 100)
- Payment in one lump sum (Paid-up policy)
- Limited payment: Pay for a predetermined amount of time (10 years, 20 years).
Advantage
- Long-term
- Premiums are assured.
- Tax-deferred growth in cash value
- Possible security for a loan secured by the cash value