Whole Life Insurance Solutions

New Insurance Design offers comprehensive and affordable whole-life insurance solutions, providing lifelong protection with financial growth opportunities. Our custom-tailored policies will be designed to ensure that you will have a long range positive financial growth and the beneficiaries receiving a guaranteed death benefit upon your passing, as premiums are kept current.

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Eternal Security and Financial Flexibility

There are two primary benefits to whole life insurance:

Guaranteed death benefit: This benefit remains constant and will be paid to your beneficiary upon your departure. You can design it to be a large benefit to include your current liabilities that your spouse will be responsible for. You also can include a term policy to increase the death benefit with little extra premium payment. .
Cash value: Think of this as your long-term saving plan. You can access the cash value and use it for anything you want. Many use this cash value to help finance a new business that they have been planning for years. This loan that does not have to be paid back but will reduce the death benefit of your policy if not paid back. Tax free also.

Distinguishing Whole Life from Term Life Insurance

Whole life insurance ensures coverage throughout your lifetime, with your premiums contributing to a growing cash value, a non-taxed benefit. In contrast, term life insurance offers temporary coverage, typically for 10, 20, or 30 years, but with no cash value accumulation. You use term insurance when you want or need extra protection, but your current budget will not permit a higher additional premium. Term insurance having a lower premium and greater death benefit will be perfect for this problem.