Whole life policies are built around guarantees. There is no reverse gear – your cash value is guaranteed to grow year-over-year to equal the guaranteed death benefit at age 100.
We offer participating whole life policies from mutual life insurers, which makes you a co-owner and enables you to earn dividends on the policy. .
Cash value life insurance can work like a turbocharged Roth IRA without having contribution limits.
Non-guaranteed returns come in the form of a dividend, which have been consistently paid by our carriers through all pandemics, market crashes, and wars since the 1800s.
Protect your loved ones in the event of your death through the death benefit component of a whole life policy.
By using technology we make it quicker, safer and simpler for you to buy whole life insurance than ever before.
We make it simpler than ever before to take out loans, for anything you want, using your policy as a security.
1: All growth rates apply to the cash value of permanent life insurance policies, and every dollar spent on insurance premium will not go towards the cash value. Depending on individual preferences policies can be designed with different amounts going towards the cash value, which is explained in this article. Whole and indexed universal life insurance are not registered investment products and past performance is no guarantee of future results.
2: Refers to policy dividend rate. Mortality and expense factors are also considered when determining net return. Dividend is not representative of the internal rate of return.
3. The data above is only an example, based on a policy issued to a 35 year old man in excellent health, and details will be different for you. All metrics are based off the non-guaranteed, assumed values of the corresponding illustration with a top carrier.
4: While the death benefit of a life insurance policy is typically tax free (unless it has been sold to an investor), any withdrawals in the form of dividends or policy loans are only tax free if the policy has been funded according to IRS guidelines, and the policy isn't surrendered (sold back to the insurance company) or lapsed (expired due to lacking payment). White Swan will help you to keep your policy tax efficient.
5: Money accessed from cash value life insurance is only received tax free if the policy has not been classified as a Modified Endowment Policy (ie. have been funded too quickly). Further, direct withdrawals from the policy are only tax free up to the point of the cumulative premiums paid into the policy. After the total premiums paid into the policy has been withdrawn, a policyowner can still access funds tax free through loans secured by the policy, as long as the policy stays in force.
6: The time to obtain a policy depends on the profile of the insured person, the specifics of the policy, and the underwriting guidelines of the carrier, and the time frame can be longer than referenced if the case does not fit the guidelines our insurance carriers have established for an accelerated application process. In these cases, traditional underwriting including medical exams might be required.
7: Accessing cash value through policy loans may be done on a tax-free basis under most circumstances. Excessive loaning, lower than expected performance of the policy, and/or increased charges may require you to limit the policy or pay loan interest and/or premium payments to prevent the policy from lapsing.