Permanent Products
Whole life, universal life and variable life are considered to be permanent insurance, and are designed to provide protection for the entire life of the insured.
- Whole Life: Whole life insurance
is sometimes referred to as “permanent life” and “ordinary
life.” It is designed to stay in force throughout one’s
lifetime. As long as the policy owner meets his or her obligations under
the policy, the policy remains in force regardless of any changes in
health that may occur.
- Universal Life: Universal life insurance contracts differ from traditional whole life policies by specifically separating and identifying the mortality, expense, and cash value parts of a policy. Dividing the policy into these three components allows the insurance company to build a higher degree of flexibility into the contract. The flexibility allows (within certain limits) the policy owner to modify the policy face amount or premium, in response to changing needs and circumstances.
Several highly rated companies available through Taber Brokerage Services
provide a complete line of permanent insurance products, allowing Taber
Brokerage Services a choice in selecting the best product to meet the
unique needs of each of your clients.
Call us with your next case – 405.235.4610 or 800.627.3100.