Paid up at 65 Permanent Whole Life Insurance

Paid up at age 65 Life Insurance is ideal for both personal and business life insurance planning because it is guaranteed to be fully paid for at age 65, a typical retirement age. Individuals might use the cash value of this type of life insurance policy to supplement their retirement income.¹ In a business market it might be used to protect against financial loss due to the death of an owner or key employee, or it can fund an employee benefits package. Like the standard policy, a Paid up at age 65 Life Insurance policy may be increased (subject to underwriting) or decreased as your needs change. Paid up at age 65 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 also be right for your retirement planning.₁

Life Paid-Up at Age 65 may be an excellent choice if you:

• consider life insurance to be a valuable part of your financial strategy and re looking for death benefit and cash value guarantees, but want to limit your payment period
• are a business owner who is looking to protect the lives of your employees and/or the long-term future of your business – but do not want to pay premiums past the insured’s age of 65
• are a business owner who is looking to fund a qualified plan₅
• wish to complete your life insurance payments before you retire – or anticipate the need to supplement your retirement income
• are looking for a vehicle to fund estate taxes, provide an inheritance for your heirs or a charitable gift upon your death
• wish to purchase life insurance for your child or grandchild, but prefer that the policy be paid for by the time the insured reaches age 65

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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

• Whole life has the flexibility to meet your changing needs, since it provides you access to the policy’s cash value, which can help you manage your finances₆
• Whole life is the only insurance product that guarantees a cash value increase every year.
• Whole life offers guarantees for death benefit protection, along with solid cash value growth.
• The cash value build-up in a whole life policy is not directly dependent on the conditions of the financial markets, but rather on the strength of the issuing life insurance company.

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. 5 Due to the complexity involved in this process, individuals are advised to consult with their tax adviser about the tax consequences associated with buying life insurance in a qualified plan and to determine the proper methodology to use in executing such a plan.6 Distributions under your policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (your cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10% tax penalty. Access to cash values through borrowing or partial surrenders can reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.