The majority of individual life insurance solutions are considered permanent policies. Permanent or cash value-based life insurance policies are designed to provide the policyholder with an accumulation of savings within the policy, using a portion of the premiums paid. Permanent insurance offers significant advantages, with a key benefit being access to cash funds, if required.

For clients seeking certainty in the valuation of their Legacy Plan, Whole Life insurance applies a premium that remains constant for the entire duration the policy is held. Premium fees change over time according to various factors.

Premiums may be higher at the beginning of the policy but can decrease over time as the policyholder ages. Additionally, the amount of premiums paid in the early years can lower future payments and, in some cases, provide an excellent option when needs change at the policyholder's retirement stage.

A Universal Life program is a more flexible alternative to Permanent Life insurance. It allows you to make changes to the policy at any time and provides the added benefit of accumulating cash in a tax-deferred manner throughout the life of the policy. This flexibility allows you to increase, decrease, or even skip premium payments.