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When you’re building your portfolio, you may not think about adding a life insurance policy. But it’s not too late. Life insurance can be a valuable addition with many benefits, including:

Liquidity of the death benefit

Since your death benefit will be paid in cash when you pass away, it’s a liquid asset that can be accessed quickly by your beneficiaries.

Easy distribution

Assets can be split among any number of heirs.

Predictable value

Since some types of life insurance earn cash value on a predetermined schedule, you can predict the value of your policy at a future date.


When life insurance is guaranteed, the value of the death benefit isn’t affected by the economy or changes in the stock market.

Tax advantages

Cash values in a life insurance policy grow tax-deferred. Beneficiaries receive your death benefit income tax free. And estate tax free, too, if properly structured.

Ability to borrow loans from your policy

Borrowing from your policy is only available for whole life insurance policies, not term life insurance. Taking out a policy loan will not affect your credit and is tax-free, but is still treated as a loan with interest rates and needs to be paid back. Without paying back your loan in a timely manner, you risk going over your policy’s cash value and could result in a policy lapse.

Is life insurance considered an asset? Find out by talking to your insurance professional about adding life insurance to your financial portfolio.

Read this important information

Keep in mind that only permanent insurance policies are considered assets, since they are the only policies that have cash value.

Talk to your insurance professional about whether life insurance would make sense as a part of your portfolio.

Keep in mind that as your life changes (for example, marriage, birth of a child or a job promotion), so will your life insurance needs. Make sure your life insurance policy suits your long-term needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges including costs of insurance that vary based on the insured's gender, heath and age. There are additional charges for riders that customize a policy to fit your individual needs.

Guarantees are subject to the claims-paying ability of the issuing insurance company. Specific premium requirements must be met to be eligible for death benefit guarantees. Please see the contract for details.

Neither the company nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

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