U.S. Chamber of Commerce
U.S. Chamber of Commerce

Whole (ordinary) life


Cash Value Policies: Whole (Ordinary) Life
Description Premiums Cash Value Advantages Disadvantages Uses
Guaranteed at-death proceeds; Guaranteed lifetime benefits Level, payable usually to age 95 or 100 Guaranteed build-up — participating policies may have build-up beyond amounts guaranteed Forced savings element; Fixed premiums; Low-rate loans; Guaranteed cash values; Income tax advantages Rates higher than term — Insured may not be able to afford adequate coverage; Investment return usually marginal Lifetime need for insurance; Client prefers fixed, guaranteed investment return

Disclaimer: The material on this site is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Full Disclaimer

Small Business Library

Documents and Forms

Small Business Toolkits

Printing & Shipping

Business Services Directory

The U.S. Chamber’s Small Business Connections directory puts you in touch with leading companies that provide services for businesses like yours.

 
Urge your members of Congress to support the
U.S.-Colombia Trade Promotion Agreement.


A Growth and Prosperity Agenda for America

From the Magazine

From the Blog
 
      
Copyright © 2008 U.S. Chamber of Commerce 1615 H St NW Washington DC 20062-2000 All Rights Reserved
Advancing human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility.
FedEx Monster Yellow