Because Paragon doesn't pay advisors a commission, there are no sales loads and no surrender charges for you to pay. People find it particularly appealing for tax-deferred cash accumulation because the life insurance charges are lower than comparable individual policies. Businesses use it when they are financially unable to handle the death of two owners or two key employees. It's useful to parents whose financial plans are designed to secure their children's future if both parents die while the children are still dependent. Money can be moved among the funds without charge and without incurring a taxable event.
Variable accounts offer the risks and rewards of investing in the stock market.
Past performance does not guarantee future returns. Second, its cash values grow tax-deferred, so you enjoy the full benefits of compound earnings. All variable investment funds have certain fees and expenses, which are explained in the current prospectus. Please carefully read the prospectus before investing. This material is authorized for distribution only when preceded or accompanied by the current prospectuses, which contain more complete information, including charges and expenses.