Coverage Which Lasts as Long as You Need
Whole life insurance is permanent insurance that provides living benefits and protection for a lifetime, as long as policy premiums are paid per the terms of the contract. Simple Whole Life insurance2 can help your family in two ways:
- You may access your cash value income tax-free3 for your family’s loss of income, mortgage costs, and educational needs.
- It can provide a financial legacy for your beneficiaries in the event of your death.
Simple Whole Life insurance is payable to age 100 and combines the traditional guarantees of Whole Life with riders4 and discounts5,6 for customers with other Insurance policies. It also accumulates cash value that may be used as a savings tool toward future college expenses, income replacement and many other financial needs.
How Simple Whole life insurance can help you
Accumulates cash value
2 Policy form 2008-352.
3 For informational purposes only. Neither Yogi Insurance, its employees nor its Agents provide legal or tax advice. Always consult your own attorney, accountant or tax adviser as to the legal, financial or tax consequences and advice on any particular transaction. Distributions from a life insurance policy in the character of partial surrenders (withdrawals) up to basis or policy loans will be income tax- free, provided the policy does not violate Modified Endowment Contract (MEC) guidelines and the policy is not terminated during the lifetime of the insured. MEC guidelines are rules in the Internal Revenue Code which specify maximum premiums that can be paid without triggering adverse tax consequences for withdrawals. A policy termination during the life of the insured can cause the owner a single taxable event for any gains in the policy that were borrowed or withdrawn on or before the termination date.
4 Available at additional charge.
5 Customers qualifying for the Customer Discount may receive up to a 6% discount on the base premium rate per thousand. Contact your agent for more details.
6 Contact your agent to see if you qualify for the multi-line discount. Discounts apply to selected property and casualty coverages, perils and policy types only and may vary by state and eligibility.