| Term Life Insurance |
Cash Value Life Insurance |
Fixed Annuities |
Variable Life Insurance and Variable
Life Annuities |
| Protection for your family in event of
your death - from time of purchase. |
Protection for your family in event of
your death - from time of purchase. |
Money saved for your retirement; may
include life insurance. |
Various ways to invest your premiums,
over which you have some control. |
| No interest or dividends earned. |
Taxes on interest and dividends earned are
deferred, may be taxed if money is withdrawn. |
Taxes on interest earned are deferred, may be taxed
if money is withdrawn. |
Taxes on interest earned is deferred, may be taxed
if money is withdrawn. |
| No money available to support loans. |
Loans taken out of policy normally not
taxed. |
Loans taken out of policy normally not
taxed. |
You may be able to take a loan out
against the value of the life insurance policy, or may be able to
use value of the annuity as collateral for loans. |
| Short term commitment, but may be
difficult or more expensive to buy insurance in later years. |
Long-term commitment required. |
Long-term commitment required. |
Long-term commitment required. |
| Insurance is for a fixed term. Once the
term ends, you must renew, or lose your insurance. The insurer can
choose not to renew your insurance. |
You may lose much of your money in surrender
charges if you take the money out. |
You may lose much of your money in surrender
charges if you take the money out. |
You may lose much of your money in surrender
charges if you take the money out. |