A Whole Life insurance policy is made up of two components. One part pays for the insurance coverage and the other accumulates interest. Cash value in the policy will increase without current taxation during the insured's lifetime and may be borrowed against if the need ever arises.
Pan-American Life’s Heritage Value Whole Life insurance offers relatively low premiums and relatively high accumulation. Premiums are higher than Term Insurance because the Whole Life policies accrue a cash value on a tax-deferred basis, whereas term insurance has no cash value.
Pan- American Life can help you make the right investment for your family’s future by offering a Whole Life insurance policy that caters to your individualized financial needs.
Product Highlights
- Cash values accrue on a tax-deferred basis
- Provides guaranteed death benefit
- Premiums guaranteed to remain level
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