Whole Life Insurance
Description:
Whole life insurance, as the name implies, is permanent insurance protection for the whole of life in exchange for a guaranteed level premium for life.
Objective:
To provide a base of permanent life insurance coverage for permanent needs.
Suitability:
Whole life insurance is best suited for conservative individuals seeking tax deferral and permanent protection for beneficiaries to cover costs associated with final expenses, taxes on registered assets and capital gains.
Features:
- Guaranteed level premium for life with guaranteed cash values
- Choice of participating or non-participating policies: Participating dividend and non-participating dividend policies are available
- Tax deferred growth: The cash value of a participating whole life policy grows tax deferred
- Choice of five dividend options: Receive in cash, leave on deposit with interest, apply to future premiums, purchase additional permanent death benefit insurance, or use dividend to purchase small amounts of term insurance.
For more information, please contact your Edward Jones financial advisor*.
Insurance and annuities are offered by Edward Jones Insurance Agency (except in Quebec). In Quebec, insurance and annuities are offered by Edward Jones Insurance Agency (Quebec) Inc.
