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Life insurance policies can generally be divided into two categories:
Pick a Policy Type
VARIABLE UNIVERSAL LIFE
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Thecash valueof life insurance policies can grow with different risk and potential reward:
• Some policies featureminimum guaranteed growthbut havelower max returns
• Other policies could haveyears with no growthbut havehigher max returns
The way the cash value grows inside policies varies:
• Some policies feature consistent growth that is largelyuncorrelated with stock markets
• Other policies feature less consistent growth that iscorrelated with stock markets
In addition to downside-protected accounts, variable universal life insurance provides access to a wide variety ofsubaccountsmanaged by professional fund managers.
While this access provides you with investment freedom, it also exposes you to investment risk and you may incur losses.
While all life insurance policies have adeath benefit, they work differently:
• Some policies feature afixed death
• Other policies feature death benefit that cangrow or decrease over time
There are different levels of guarantees on the death benefit in different policies:
• Some policies offer a death benefit that isguaranteedfor your entire life
• Other policies have a death benefit that isnot guaranteedfor your entire life
Thecost of insuranceis different for different policies:
• Some policies featurefixed coststhat are guaranteed to never change
• Other policies featurevariable coststhat might change in the future
Premiums payments works differently on different policies:
• Some policies feature premiums that arefixedand will never be higher or lower
• Other policies feature premiums that areflexibleand could be changed
If you’re looking for guaranteed death benefit, guaranteed variable life may provide a lower premium than other options, but incorporates
While this can help you save money, it also implies a more extensive application process with more steps involved.
Different policies may require different levels of time commitment to manage:
• Some policies requireless frequent reviewsto ensure good results over time
• Other policies requiremore frequent
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If you had something else in mind, you canselect a different plan
Whole life can be used as aretirement vehicle
Whole life can be used as abuffer assetto stabilize your portfolio
Whole life can be used to accumulate tax-free savings
Whole life can help you replace income in case of death
Whole life can help you provide a legacy for your next of kin
Whole life can cover post-mortem costs
Whole life featuresvery low return riskwhile still providing competitive returns
Returns in a whole life policy are largelynon-correlated to stock markets
Whole life has a death benefit that canincrease over time
Whole life has lifetime guarantees that provide aguaranteed death benefit
Whole life hasguaranteed costs
Whole life haslevel base premiumsthat are guaranteed to never change
Whole life lets youget money back, in the form of cash value, if you cancel the policy
Whole life allows you to bemore passivein managing your policy
While you wanted to be more active in managing your policy, whole life generally requiresless managementthan other policies
While you did not want money back in case you canceled your policy, whole lifehas this feature
While you preferred flexible premiums,base premiumsare required consistently over the funding period
While you preferred variable costs, whole life featuresfixed costs
While you did not want your death benefit to be guaranteed for life, whole life provides aguaranteed death benefit
While you wanted a fixed death benefit, whole life death benefit mayincrease over time
While you wanted returns correlated to stock markets, whole life features returns that are largelynon-correlated with stock markets
While you were ready to take on more risk for a higher potential return, whole life is relativelyless riskythan other alternatives
Indexed life can be used as aretirement vehicle
Indexed life can be used as abuffer assetto stabilize your portfolio
Indexed life can be used to accumulate tax-free savings
Indexed life can help you replace income in the event of death
Indexed life can help you provide a legacy for your next of kin
Indexed life can cover post-mortem costs
Indexed life has ahigher risk-reward ratiothan other policies
Indexed life grows incorrelation with stock markets
Indexed life has aflexible death benefit
Indexed life does notguarantee death benefitfor life
Indexed life has avariable cost of insurance
Indexed life hasflexible premiums
Indexed life lets youget money backif you cancel the policy
Indexed life requiresmore frequent managementto ensure best performance
While you wanted to be more passive in managing your policy, indexed life generally requiresmore frequent reviewsto ensure best performance
While you did not want to get money back in case you canceled the policy, indexed lifehas this feature
While you wanted fixed premiums, indexed life generally hasflexible premiumsthat could change over time
While you wanted fixed costs, indexed life hasvariable costs
While you wanted a guaranteed death benefit for life, indexed life typically haslimited guarantees on death benefit
While you wanted a fixed death benefit, the death benefit of indexed life insurance canchange over time
While you wanted returns uncorrelated to stock markets, indexed life has returnscorrelated to the stock market
While you wanted low risk returns, indexed life hasrelatively higher riskassociated with the returns
Variable life can be used as aretirement vehicle
Variable life can be used to accumulate tax-free savings
Variable life can help you replace income in the event of death
Variable life can help you provide a legacy for your next of kin
Variable life can cover post-mortem costs
Variable life has ahigher risk-reward ratiothan other policies
Variable life features fund options that are directly invested in stocks, bonds, and other securities.
Variable life has aflexible death benefit
Variable life does not generallyguarantee death benefitfor life
Variable life has avariable cost of insurance
Variable life hasflexible premiums
Variable life generally requiresmore managementto ensure best performance
While you wanted to be more passive in managing your policy, variable life generally requiresmore frequent reviewsto ensure best performance
While you wanted fixed premiums, variable life generally hasflexible premiumsthat could change over time
While you wanted fixed costs, variable life hasvariable costs
While you wanted a guaranteed death benefit for life, variable life typically haslimited guarantees on death benefit
While you wanted a fixed death benefit, the death benefit of indexed life insurance generallychange over time
While you wanted returns uncorrelated to stock markets, variable life generally uses funds invested in the stock markets
While you wanted low risk returns, variable life hasrelatively higher riskthan other policy types
Whole life can be used as aretirement vehicle
Whole life can be used as abuffer assetto stabilize your portfolio
Whole life can be used to accumulate tax-free savings
Whole life can help you replace income in case of death
Whole life can help you provide a legacy for your next of kin
Whole life can cover post-mortem costs
Whole life featuresvery low return riskwhile still providing competitive returns
Returns in a whole life policy are largelynon-correlated to stock markets
Whole life has a death benefit that canincrease over time
Whole life has lifetime guarantees that provide aguaranteed death benefit
Whole life hasguaranteed costs
Whole life haslevel base premiumsthat are guaranteed to never change
Whole life lets youget money back, in the form of cash value, if you cancel the policy
Whole life allows you to bemore passivein managing your policy
While you wanted to be more active in managing your policy, whole life generally requiresless managementthan other policies
While you did not want money back in case you canceled your policy, whole lifehas this feature
While you preferred flexible premiums,base premiumsare required consistently over the funding period
While you preferred variable costs, whole life featuresfixed costs
While you did not want your death benefit to be guaranteed for life, whole life provides aguaranteed death benefit
While you wanted a fixed death benefit, whole life death benefit mayincrease over time
While you wanted returns correlated to stock markets, whole life features returns that are largelynon-correlated with stock markets
While you were ready to take on more risk for a higher potential return, whole life is relativelyless riskythan other alternatives
Indexed life can be used as aretirement vehicle
Indexed life can be used as abuffer assetto stabilize your portfolio
Indexed life can be used to accumulate tax-free savings
Indexed life can help you replace income in the event of death
Indexed life can help you provide a legacy for your next of kin
Indexed life can cover post-mortem costs
Indexed life has ahigher risk-reward ratiothan other policies
Indexed life grows incorrelation with stock markets
Indexed life has aflexible death benefit
Indexed life does notguarantee death benefitfor life
Indexed life has avariable cost of insurance
Indexed life hasflexible premiums
Indexed life lets youget money backif you cancel the policy
Indexed life requiresmore frequent managementto ensure best performance
While you wanted to be more passive in managing your policy, indexed life generally requiresmore frequent reviewsto ensure best performance
While you did not want to get money back in case you canceled the policy, indexed lifehas this feature
While you wanted fixed premiums, indexed life generally hasflexible premiumsthat could change over time
While you wanted fixed costs, indexed life hasvariable costs
While you wanted a guaranteed death benefit for life, indexed life typically haslimited guarantees on death benefit
While you wanted a fixed death benefit, the death benefit of indexed life insurance canchange over time
While you wanted returns uncorrelated to stock markets, indexed life has returnscorrelated to the stock market
While you wanted low risk returns, indexed life hasrelatively higher riskassociated with the returns
Variable life can be used as aretirement vehicle
Variable life can be used to accumulate tax-free savings
Variable life can help you replace income in the event of death
Variable life can help you provide a legacy for your next of kin
Variable life can cover post-mortem costs
Variable life has ahigher risk-reward ratiothan other policies
Variable life features fund options that are directly invested in stocks, bonds, and other securities.
Variable life has aflexible death benefit
Variable life does not generallyguarantee death benefitfor life
Variable life has avariable cost of insurance
Variable life hasflexible premiums
Variable life generally requiresmore managementto ensure best performance
While you wanted to be more passive in managing your policy, variable life generally requiresmore frequent reviewsto ensure best performance
While you wanted fixed premiums, variable life generally hasflexible premiumsthat could change over time
While you wanted fixed costs, variable life hasvariable costs
While you wanted a guaranteed death benefit for life, variable life typically haslimited guarantees on death benefit
While you wanted a fixed death benefit, the death benefit of indexed life insurance generallychange over time
While you wanted returns uncorrelated to stock markets, variable life generally uses funds invested in the stock markets
While you wanted low risk returns, variable life hasrelatively higher riskthan other policy types
That can be used to pay premiums or be accessed tax-free to provide retirement income, buy real estate, or anything else you want.
Which might change due to cash value performance and can be paid
Projected Internal Rates of
Average Historical
Min/Max
Min/Max
Fund
Morningstar
Average Historical
Min/Max
Min/Max
Fund
Morningstar
Which is guaranteed not to increase and can be paid flexibly with the cash
That can be used to pay premiums or be accessed tax-free to provide retirement income, buy real estate, or anything else you
$229,599
$264,526
• Shorter paid up periods mean higher premiums with cash value building more quickly.
• Longer paid up periods mean lower premiums with cash value building more slowly. Generally, policies are not used fordistributionsuntil after they are paid up.
One-time
20 Years
Lifetime
10 Years
30 Years
10 years
20 years
40 years
15 years
30 years
I accept theterms of serviceandprivacy policy, and consent to Good Grief accessing my information and contacting me.
I accept theterms of serviceandprivacy policy, and consent to Good Grief accessing my information and contacting me.
I accept theterms of serviceandprivacy policy, and consent to accessing my information and contacting me.
We offer two different types of term life insurance policies that are suitable for different coverage periods:
If you are planning to put a higher amount of premium in the future, we can help you design a plan which leaves room for that whilemaintaining tax advantages.
• A conservative investorprimarily seeks to minimize risk and loss of principal. This investor is comfortable accepting lower returns for a higher degree of stability.
• A moderate investorvalues reducing risks and enhancing returns equally. This investor is willing to accept modest risks to seek long-term returns.
• An aggressive investorvalues maximizing returns and is willing to accept substantial risk. This investor believes maximizing long-term returns is more important than protecting principal.
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Acap rateis a ceiling on tracked growth.
Some accounts have no cap, but this option usually comes at the cost of a lowerguaranteed minimum participation rateor aspread rate.
- • Higher cap rate
- • Higher participation rate
- • Bonus/multiplier rate
- • Living Benefit Riders
- • Death Benefit Riders
- • Special Purpose Riders
Can be used to achieve premium flexibility in a whole life policy, or ‘overfund’ it. This is accomplished by purchasing additional
