Some Uses
Maintains the life style of family members
by replacing loss of income and paying of debts
Allows one to spend more freely in retirement without the fear of running out of money
Allows one to use assets that were originally intended to be left to beneficiaries
Estate Creation-Protection-Preservation
Mortgage Protection
Long-Term Care Planning |
Some Features
Increasing, tax-deferred Cash Values in some plans
Limited premium paying period with some level premium plans
Pays out tax-free to beneficiary, including partial and full cash values |