Whole Life Insurance is Based on Actual Guarantees
Whole life is based on guarantees of premium, death benefit, and cash value, plus a “participating” policy dividend that the stronger whole life companies have not missed in over 100 years.
Tax Shelter + Creditor Protection + Not Prison
Whole life insurance is the ultimate tax-shelter for your safe dollars and is also creditor-protected (in some states). That’s why attorneys and doctors love it. Business owners and/or RE investors like their cash liquid to deploy for emergencies/business opportunities. It’s not an IRA, so it’s also NOT subject to the 10% IRA (prison) penalty.
It’s Not an Investment
Contrary to common belief, whole life is not an investment and is not competing with the stock market. It’s for a segment of your safe dollars that you want off the radar of Uncle Sam and off the roller-coaster of the stock market.