It is best suited for established individuals seeking a large amount of insurance and moderate cash value accumulation at a reduced premium. The Benefits of Modified Premium Whole Life Provides permanent life insurance protection.
Premiums are lower in the first five years.
Accumulates tax-deferred, guaranteed cash value. Loan provision allows you to borrow from cash value. Eligible for dividends, if and when declared by the Company. 1 Death benefit may increase annually with paid-up additions purchased from dividends. Death benefit, in most instances, is free from federal income tax.