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Whole Life as a financial asset
When used alongside other financial assets, a whole life policy offers a distinct combination of features.
Protection
Whole Life provides lifelong coverage to support your loved ones with a death benefit after you’ve passed.
Guaranteed growth
Whole Life offers contractually guaranteed cash value growth, regardless of market performance.
Dividend eligibility
Policy owners may receive dividend payments that can be applied in a number of ways, including the further growth of policy value.1
Tax-advantaged accessibility
Whole Life can help finance life’s needs with easy, taxadvantaged access to your policy’s cash value.
Whole life cash value can help reduce pressure during market downturns, provide flexibility if and when needed, as well as offer long-term support through life’s peaks and valleys.
Whole Life adds up
Because of the way its benefits work together, a whole life policy has the ability to outperform comparable assets within your portfolio. Here are some examples showing how a whole life policy stacks up against a diversified portfolio in a taxable account.
35-year-old
Considering a $250,000 policy based on identified protection need
Hypothetical value over time
| Simulated DIY Payout | Simulated whole Life Payout | |
| Minimum cash value | $762,278 | $224,558 |
| Death benefit protection | N/A | $250,000 |
| Adding growth over time | $752,278 | $1,145,774 |
| Value after taxes | $349,467 | $1,45,774 |
In most jurisdictions, the policy form number for New York Life Whole Life and New York Life is ICC18217-50P (4/18). State variations may apply
46-year-old
Considering a $500,000 policy based on identified protection need
Hypothetical value over time
| Simulated DIY Payout | Simulated whole Life Payout | |
| Minimum cash value | $1,336,340 | $438,692 |
| Death benefit protection | N/A | $500,000 |
| Adding growth over time | $1,336,340 | $1,676,324 |
| Value after taxes | $753,296 | $1,676,324 |
In most jurisdictions, the policy form number for New York Life Whole Life and New York Life is ICC18217-50P (4/18). State variations may apply
52-year-old
Considering a $500,000 policy based on identified protection need
Hypothetical value over time
| Simulated DIY Payout | Simulated whole Life Payout | |
| Minimum cash value | $1,283,564 | $438,796 |
| Death benefit protection | N/A | $500,000 |
| Adding growth over time | $1,283,564 | $1,486,838 |
| Value after taxes | $796,034 | $1,486,838 |
In most jurisdictions, the policy form number for New York Life Whole Life and New York Life is ICC18217-50P (4/18). State variations may apply
Including Whole Life in your portfolio
A whole life policy can potentially be included in your portfolio by replacing some of the funds currently allocated to bonds. Whole Life offers the same stable growth as bonds but with additional benefits, including dividend eligibility, cash value growth, death benefit protection, and tax advantages.
To learn more about Whole Life’s role as a financial asset, download our white paper, Using Behavioral Economics to Think Holistically About Protection and Growth.
A robust financial strategy,
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We can help you build a financial strategy that offers both protection and growth—and give you the peace of mind of knowing it’s backed by the financial strength of New York Life.
A proven track record of financial strength.
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A New York Life financial professional can help you build protection and growth into your financial strategy—backed up by New York Life’s proven track record of financial strength and reliability.
2The life insurance policy must be mature enough to allow for the cash value distributions to occur, and accessing cash value will reduce the available cash surrender and death benefit. Certain tax advantages are no longer applicable to a life insurance policy if too much money is put into the policy during its first seven years, or during the seven-year period after a “material change” to the policy. Policy loans accrue interest.
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