High Early Cash Value Whole Life Insurance

High Early Cash Value Life Insurance is designed specifically as a "balance sheet" product to provide asset protection for the business market. It positions the cash value in the policy as an asset that can be carried on the business balance sheet. Generally a HECV life insurance policy's cash value will be nearly equal to the base policy standard premiums paid at the end of the first policy year. It is usually paid for by age 85. Like other types of whole life insurance a HECV life insurance policy may be increased (subject to underwriting) or decreased as your needs change.

High Early Cash Value life insurance is an excellent life insurance plan to have if you want to put a higher level of funds into a plan faster. You may have good cash flow from your job or your business and can afford to fund your life insurance faster to attain more cash value sooner. A 412 (i) plan may be right for your retirement planning.₁

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WHOLE LIFE	HIGH EARLY CASH VALUE (HECV)HECV	LIFE PAID UP AT AGE 65
Level premium whole life insurance that provides a guaranteed level face amount	Level premium whole life insurance providing a lifetime, level, guaranteed face amount	Level premium whole life insurance providing a level, guaranteed face amount
Premiums are payable to age 100	Premiums are payable to age 85	Premiums are payable to age 65
Provides for cash accumulation and payment of dividends2	Provides cash accumulation and payment of dividends2	Provides cash accumulation and payment of dividends2
Waiver of Premium Rider3 (WP) provides premium payment protection in the event that the participant becomes totally disabled as described in the rider	Waiver of Premium Rider3 (WP) provides premium payment protection in the event that the participant becomes totally disabled as described in the rider	Waiver of Premium Rider3 (WP) provides premium payment protection in the event that the participant becomes totally disabled as described in the rider
	Offers guaranteed cash value of 90% of premiums paid into the policy at the end of the first year4 Cash value  increases during years 2-5 equal to premiums paid Cash value at the end of five years equal to at least 98 percent of premiums paid	Policy is paid up by the age of 65 without additional premium payments

1 A 412(i) plan must be funded exclusively with individual insurance products, either fixed annuities or a combination of fixed annuities and life insurance. 2 Dividends are not guaranteed. 3 Waiver of Premium rider may be available at an additional cost. 4 Excluding annual $50 policy fee, any classified premium and costs for optional coverages.