A Premium Deposit Account (PDA) helps you use your safe money to fund permanent life insurance. It keeps your money secured and growing-guaranteed.
Funding a PDA to pay the premiums on a new Custom Whole Life policy means one less thing to worry about. You get both security and growth in a simple, one-time payment that gives you:
Learn more about Custom Whole Life here and talk to your agent about how a PDA might fit into your financial strategies.
1 The guarantees of a Custom Whole Life policy are based on the claims-paying ability of the issuer.
2 A PDA and a permanent life insurance policy are not FDIC insured.
3 Dividends are not guaranteed.
In Oregon, the policy form number for New York Life Whole Life is ICC15216-50P.