Whole Life

Permanent, Whole Life Insurance for ages 0 – 85, guaranteed regardless of medical history!

Simply answer a few yes/no health questions to qualify.

WHAT IS A WHOLE LIFE INSURANCE POLICY?

Whole life insurance is a valuable insurance product that protects an insured for their entire life. Unlike the popular and less expensive term insurance, whole life insurance remains in effect as long as the premiums are paid. While whole life insurance is much more expensive than term insurance, and it offers a number of advantages. The death benefits are paid to the beneficiary tax-free and can be used at the beneficiary’s discretion. A whole life policy is a great gift to purchase for children as a savings instrument or college fund.

Whole Life covers you as long as you make the premium payments. There are other benefits to a Whole Life such as it builds cash value, you can borrow against it, and some offer living benefits. It’s a great product that never expires so as you age you have peace of mind that you will always have something to protect your family.

Benefits Of Having A Whole Life Insurance

Whole Life Insurance offers lifelong protection, but it can do much more.

✔️ Lifelong coverage to protect your family from financial loss

✔️ Level payments that are guaranteed to never change

✔️ A guaranteed death benefit

✔️ An option to build cash value

Gain the peace of mind as you protect your family for your whole life!

WHOLE LIFE INSURANCE POLICY GUARANTEES

Generation One Insurance offers several permanent Whole Life Insurance Plans that build cash value/loan value over the life of the policy. These plans are available for individuals who are ages 0 to 85, with face amounts ranging from $1,000 to $30,000 in protection. Once the application is approved, the first premium is honored by the bank, and the policy is issued, premiums will never increase, the benefits will never decrease, and the policy cannot be cancelled by the Company except for non-payment of premiums.

✔️ Your death benefit will remain the same for the life of your policy. When a claim is made, the benefit will be paid to the beneficiary tax-free.

✔️ Your policy can only be canceled by you. As long as premiums are paid, you are covered for the rest of your life.

✔️ Your premiums are guaranteed to remain the same for the life of your policy.

✔️ Your policy will begin to accrue cash value and have loan value over time.

FIXED PREMIUMS AND DEATH BENEFIT

In most cases, the premium and death benefit stay constant for the duration of a whole life policy. (A universal life insurance policy, on the other hand, may offer the option to adjust your premiums or death benefit.)

With fixed premiums and a fixed death benefit, you won’t have to worry about cost increases as you get older, and your loved ones will know the amount of life insurance proceeds to expect when you do pass on.

CASH VALUE

A whole life policy can serve as a source of emergency funds for you if something goes wrong; you are able to take out a loan against the policies death benefit. That’s because a portion of each of your premium payments is funneled into a savings component of the policy called the “cash value.”

Over time, the cash value builds, and you’re able to withdraw funds or borrow against it. The rules on how and when you can do that vary by company and policy. There are guidelines to follow, so that you don’t inadvertently reduce the death benefit or create a tax burden. In addition, The cash value of a whole life policy is guaranteed to earn a minimum amount of interest.

HOW MUCH DOES WHOLE LIFE INSURANCE COST?

The cost of a whole life insurance policy depends on several factors, including how much coverage you buy. Additionally, factors such as your age, health and life expectancy may affect the premiums you pay for whole life.

When it comes to paying your premiums, you’ll typically be able to make an annual payment for a whole life insurance policy. Some insurers may also offer the option to pay monthly, quarterly or bi-annually. Call one of our whole life insurance advisors now to secure a personalized quote.

ARE WHOLE LIFE INSURANCE PREMIUMS TAX DEDUCTIBLE?

According to the Internal Revenue Service (IRS), you cannot deduct premiums you paid for a whole life insurance policy on your tax return. However, if your beneficiaries receive the death benefit from your whole life policy, they likely would not have to pay federal income taxes on that benefit. (But, any interest earned on top of the death benefit is considered taxable income.)

WHO MIGHT CHOOSE WHOLE LIFE INSURANCE?

So, when might a whole life policy make sense for you?

A whole life insurance policy might be a fit for someone who likes predictability over time, since whole life offers death benefit guarantees, guaranteed rates of return and fixed premiums. You will want to talk it over with a Generation One Insurance agent and review other options before you make any decisions. That way, you can be confident you’ve chosen the life insurance policy that’s suited just for you.

COMMON FEATURES

Your licensed agent can tell you which features are available by carrier in your state.

◙ No medical exam – coverage is based on your answers to a few simple health questions

◙ Premiums never increase

◙ Benefits never decrease

◙ Cannot be canceled for any reason as long as premiums are paid

◙ ​Builds cash value that you may borrow against

◙ Benefits paid to your beneficiary income tax free under current federal tax laws

◙ Face amounts: $2,000-$40,000

◙ Issue ages: 45-85

◙ Level and Graded Benefit Plans available

◙ Accelerated Death Benefit for Terminal Illness

◙ Nursing Home Confinement Rider available

◙ Optional Accidental Death Benefit Rider


Immediate and Limited Benefits

With one of our Immediate Benefit Whole Life Insurance Plans, your coverage is the full face amount from the moment the application is approved, the first premium is honored by the bank, and the policy is issued. These policies cannot be canceled by Generation One Insurance except for the non-payment of premiums, and we have a variety of these plans for clients ranging from those with no health issues to those with moderate health issues. With an Immediate Benefit Plan, you have full coverage from day one.

Accidental Death

The Accidental Death Benefit Rider is available for Whole Life Insurance Policies and provides an accidental death benefit equal to the policy’s face amount. This added benefit will pay in addition to the face amount of the base policy if the insured’s death meets the guidelines of “Accidental Death” as defined within the Rider.

Generation One Insurance

ADDRESS 1: 1833 Eastern Hills Drive, Garland, TX 75043

ADDRESS 2: 12005 Ford Rd. Suite 5020, Dallas, TX 75234

HOURS OF OPERATION:

8:00 am – 8:00 pm Monday – Sunday

Email address: beauarchffl@gmail.com

Phone number: 214-205-2105