Whole life insurance is a powerful financial tool with a wealth of benefits for you and the important people in your life. But as a third party study recently concluded, it can be good for your portfolio as well. Here are five reasons why you—and so many others—may want to add a healthy dose of whole life insurance to your financial portfolio.
As you can see, there are a host of reasons why you should add whole life insurance to your portfolio. Talk to your New York Life agent today.
New York Life Insurance Company is the issuer of New York Life Whole Life. In Oregon, the Whole Life policy form number is ICC18217-50P (4/18)
1 The premium quoted is for a 35-year old male, rated select-preferred, paying monthly Check-O-Matic premiums on a Whole Life (AD 116) policy with a $250,000 face amount. Your premiums may differ. Premiums are guaranteed for the life of the policy.
2 Results were based on an evaluation of the realized dividends and cash surrender values of a Whole Life policy issued 1/1/82—12/31/16 (35-year old male, $250,000 face amount, select preferred rating, annual premium of $3,585) and the historical results of the S&P 500 and Bloomberg Barclays US Aggregate Bond Index. The indexes are unmanaged broad-based indicators of the US stock and bond markets. Past results of the policy and the indexes are no indication of future results. Index results do not account for taxes or investment management fees.
3 The Morningstar study assumes the hypothetical owner remains in the policy for 35 years and pays all premiums. It assumes that no withdrawals or loans have been made during the period since policy owner actions can affect the results of a life insurance policy significantly. The results are based on past dividend history, but it's important to know that future dividend payout rates cannot be predicted. Also, it's unlikely that New York Life will continue to have the same investment results on the assets supporting its policy obligations, or the same mortality rates and expenses, so the results in this research offer no assurances about the future.
4 Guarantees are based on the claims-paying ability of the issuer.
5 Cash value can be accessed through loans and partial surrenders which accrue interest and, if not paid back, will reduce the policy's death benefit and cash value.