Participating whole life insurance (or ‘par’ whole life) can generate dividends1. Insurance contracts normally allow these dividends to be taken in cash, applied to reduce premiums, left to increase cash values or applied to buy additional insurance in the form of a paid-up addition (PUA).1
Why consider whole life insurance?
For generations, millions of individuals have turned to whole life insurance to meet their life insurance needs because with whole life, your premiums are fixed for the life of the policy. And as long as your premiums are paid in a timely manner the policy will generally remain in force and cannot be cancelled. In addition, certain whole life products can build cash values on a tax-deferred basis, which can be used to help fund expenses during your lifetime.
Our whole life insurance options
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