What type of life insurance is right for you?

 Permanent life insurance, on the other hand, is a form of lifetime coverage that may play an important role in retirement and estate planning. With permanent life insurance, most policy premiums stay the same and can provide protection for you and your loved ones throughout your lifetime, as well as build cash value that you can use in retirement. Permanent life insurance is more appropriate when insurance needs are long term or if you want to accumulate cash value. 

• Universal Life provides flexible premium, death benefit and cash value options. This flexibility is important since accumulation and death benefit needs change over time. By adding optional riders, you can customize the policy to meet your needs.

• Variable Universal Life offers all the flexibility of universal life protection, and also offers a variety of investment options whose values vary based on market performance. Consequently, these policies may be suitable for those willing to assume investment risk.*

• Survivorship Life Insurance  covers two individuals on one policy, paying a death benefit upon the second death (when estate taxes are due). For married couples looking fund their estate tax liability, survivorship life insurance is possibly the most cost-effective method. It can be considerably less expensive than insuring each spouse independently. 

• *Variable insurance guarantees are based on claims paying ability of the issuer. Withdrawals made may be subject to fees when distributed and treated as ordinary income. Outstanding policy loans at death, and withdrawals, will reduce the policy death benefits and cash values. The investment returns and principal value of the available subaccount portfolios will fluctuate so that the value of an investor's unit, when redeemed, may be worth more or less than their original value.