An insurance policy that combines insurance and investment components. The insurance component pays a face value at a predetermined chosen amount when the insured individual passes away. The investment component builds an accumulated cash value. The dividends or interest builds up in this account are tax-deferred providing you the ability to accumulate wealth. You can use this cash value as a tax-sheltered investment, a collateral fund from which to borrow against, a means to pay policy premiums later in life, or pass it on to your heirs.
There are numerous options and consideration when setting up a whole life insurance. At Everlife financial, we help you through all the technicalities and explain to you in simple terms your options. We want you and your family to be well secured for the rest of your lives and top priority is given to your family's pressing needs.