Whole Life Insurance

Whole Life Insurance combines a term policy with an investment component. The investment could be in bonds and money-market instruments or stocks. The investment component generates income that helps build cash value and/or is applied to your premiums to lower your payments. Premiums are locked in for the duration of the policy, making payments predictable and easier to plan into your budget.

Should you need cash from your policy over the course of your life, Universal Life Insurance gives you the flexibility to access your policy's cash value to help meet financial obligations.*

Talk to your Brightway Insurance Agent to see if Universal Life Insurance is right for you and your family.

*Assuming the policy remains in force, isn't a modified endowment contract and the policy qualifies as life insurance under Internal Revenue Code, Section 7702. Outstanding loans and partial surrenders will reduce death benefits and may result in additional premiums to avoid a lapse.  If the policy lapses, loans and partial surrenders in excess of basis will be subject to ordinary income tax.  Also, surrender charges may apply to any partial withdrawals.