Guaranteed Whole Life Insurance

Guaranteed Whole Life Insurance is the most straightforward form of Permanent Life insurance. It provides you with the following:

  1. Guaranteed Death Benefit
  2. Guaranteed Cash Value Growth
  3. Guaranteed Level Premium For as Long as You Live

Like all Permanent Life insurance policies, a Guaranteed Whole Life policy provides lifelong coverage as long as you continue making the required premium payments on a timely basis. In addition to providing a Death Benefit, a Whole Life policy provides a savings component known as the Cash Value.

When you pay premiums, a certain percentage goes into this tax-deferred savings component or Cash Value.

Guaranteed Cash Value Growth

The Cash Value component can grow significantly over time and is tax-deferred, possibly even tax-free depending on structure.

Unlike other forms of Permanent Life Insurance, Guaranteed Whole Life policies are not tied to the stock market. The cash value grows at a guaranteed rate each year determined within the policy (typically 3-5%), ensuring growth – even in a down market. In addition, the Cash Value can be enhanced by dividends, which are typically declared annually by some insurance carriers.

Even if the stock market crashes, you can count on your Cash Value to grow the rate determined within the policy.

Borrowing from Cash Value

You can access your policy Cash Value through a loan at any time – in most cases income-tax free. These loans can be used for any purpose, including:

  • Funding higher education
  • Supplemental retirement income
  • Unexpected medical or home repair costs
  • Building or expanding a business
  • Pursuing a life-long dream

Accessing Cash Value will reduce your policy Death Benefit and values until that loan is paid back.

If you would like more information or assistance please contact me directly.


Logan W. Simios
Principal, Benefits & Financial Division
847-818-7540
lsimios@jkrug.com