Life Insurance

Did you know

  • 1 in 4 with life insurance still feel that they would struggle financially if the primary provider died.
  • Income replacement is a top reason people own life insurance.
  • Most people prefer to get their life insurance in person to get their questions answered.

We offer access to life insurance to help you protect your family or business. You can get a quick policy quote right on our website. Osaic Institutions Financial Professionals are here to answer any questions you may have.

Compare different types of available life insurance below.

TermWhole LifeUniversal Life
PremiumPremiums increase at each renewalLevelFlexible
CoverageUsually renewable until at least age 70; sometimes to age 95For lifeFor life
Death BenefitGuaranteedGuaranteed

May increase with dividends*

May be guaranteed, based on policy

Can be increased or decreased

Cash ValueNoneGuaranteed

May increase with dividends*

Guaranteed minimum interest rate

Varies based on interest rates

Policy loans allowed? Not applicableYes

May be able to borrow up to 100% of total cash surrender value less annual loan interest rate


Same as whole life, but usually available at lower net interest rate (i.e., pay the interest rate and get a credit back to the policy)

Cash withdrawals allowed?Not ApplicableNoYes
Cash value account growthNo cash value accountInsurer determines guaranteed cash value and declares dividends based on performance of its general investment portfolio*Insurer determines cash value interest crediting rates based on current interest rate returns to the company

*Dividends are not guaranteed.

Note: Any guarantees associated with payment of death benefits, income options, or rates of return are subject to the claims-paying ability of the insurer.

Note: Policy loans and withdrawals will reduce the policy’s cash value and death benefit and may cause the policy to lapse. Withdrawals may be subject to surrender charges and income tax, and a 10% penalty may apply to withdrawals from a modified endowment contract if made under age 59½.

Note:Variable life and variable universal life insurance policies are offered by prospectus, which you can obtain from your financial professional or the insurance company. The prospectus contains detailed information about investment objectives, risks, charges, and expenses. You should read the prospectus and consider this information carefully before purchasing a variable life or a variable universal life insurance policy.

Make an appointment with a local Osaic Institutions Wealth Management Advisor today!

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