Permanent Life Plans

Permanent life insurance is distinguished from term insurance in different ways.
While term insurance provides protection only for a specific period of time, permanent insurance can provide protection for our enitre life. In addition,  permanent life insurance policies can build a cash value--money that you can borrow against and, in some instances, withdraw.  (see each contract for provisions on cash values,  loans,  loan interest and withdrawls)

Permanent life insurance policies enjoy favorable tax treatment.  Cash value growth is generally on a tax deferred basis, meaning that we pay no taxes on earnings in the policy so long as the the policy remains in force. Consult with your tax advisor.