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.
WHOLE LIFE INSURANCE
Whole life insurance is a good option for all stages of life. You choose the payment period, you are insured for your entire life and the policy may also provide surrender values.
FOR YOUR FAMILY
Nothing can replace the loss of a loved one. But it’s comforting to know that your loved ones will have the necessary financial support to help them carry on, no matter what. Whole life insurance protects your loved ones’ financial security for their entire lives.
FOR YOUR CHILDREN
Insurance coverage is also a precious gift to give to your children. By subscribing to coverage at a low price because of their youth, you guarantee them coverage that they can adapt to their needs as they get older.
FOR YOUR BUSINESS
Your business is your life’s investment, so you want to protect it. To guarantee its continuity, either by financing the purchase of a partner’s shares or giving your heirs the necessary time and assistance to find the right buyer, whole life insurance helps to avoid unpleasant surprises and helps keep your business prosperous.