Life insurance

Your insurance needs can change based on your life goals and circumstances. Our experienced financial professionals¹ can help you select sound options for every stage of your life.

• Term life
• Whole life
• Variable Universal life
• Universal life

Length of coverage 
Term

Benefit type
Fixed payout

Premiums go toward
Cost of Policy

Premium payments
Monthly, quarterly, semi-annual or annual

Protect your family and your wealth from financial setbacks. With Term Life insurance, you can be assured knowing that your term life insurance rate will never change, the coverage cannot be decreased and the policy cannot be canceled due to a change in health during the period of time you select.

Insurance protection on your terms

Term life insurance provides protection for your wealth and your financial objectives. When you purchase this insurance policy, you are insured for a defined amount of coverage, at a fixed premium, over a specific period of time (10, 15, 20, or 30 years). Term life insurance generally offers lower premiums than permanent life, and is ideal for periods of increased risk and exposure. If the conditions of your policy are met, your beneficiaries receive a lump sum equal to the amount of coverage you purchased. Some examples that proceeds can be used for are:

• Paying off a mortgage
• Replacing your income during child-rearing years
• You may be able to continue coverage after the original period selected, but at an annually increasing premium
  

Personalized guidance

Our trained financial professionals can conduct a thorough needs analysis to help you determine what type of life insurance is right for you.  Email us at:

info@royalheritagecommercial.com

Length of coverage
Lifetime

Benefit type
Fixed payout

Premiums go toward
Cost of Policy and building the Policy's cash value

Premium payments
Monthly, quarterly, semi-annual or annual

Reliable Protection
As part of our Permanent life insurance portfolio, whole life insurance provides the security of coverage throughout your lifetime, and a death benefit provided by the issuing insurance company for your heirs.

Security of fixed premiums and payout
Whole life insurance may allow you to build cash value inside the policy while safeguarding your family, should anything happen to you. A portion of your premium will be applied to the policy's cash value and grow at a minimum rate guaranteed by the issuing insurance company. Whole life is an essential tool for long-term estate planning and supplemental income strategies. The earlier you buy whole life, typically the lower the premium. It's an excellent way to fund your long-term goals.

Single Premium Life Insurance for wealth transfer
You can choose to pay for a life insurance policy with a single premium: this can be an efficient method of transferring your assets to your family or charitable organizations. With one lump sum payment, you will have a paid-up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confidence.

Personalized guidance
Our trained financial professionals can conduct a thorough needs analysis to help you determine what type of life insurance is right for you.  Email us at:

info@royalheritagecommercial.com

Length of coverage
Lifetime

Benefit type
Variable payout

Premiums go toward
Cost of Policy and Investment Account that you select

Premium payments
Monthly, quarterly, semi-annual or annual

Protection and the flexibility of investment options
Variable universal life insurance provides permanent protection with the potential to build cash value through scheduled premium payments, but offers a variety of asset allocation options. Variable universal life insurance features:

• Flexible premium payments - Investment performance can create payment flexibility – though poor performance may require additional premiums 
  
• Control over investment options, in which you can allocate a portion of your premiums: you can choose from a variety of assets which offer different levels of risk and growth potential
• You may be guaranteed a minimum growth rate by the issuing insurance company^*
• Tax-deferred earnings and tax-free transfers within the separate account
• Greater growth (and risk) potential than whole life insurance. With a variable universal life policy, you assume the entire investment risk

* Some policies offer a fixed account option that pays a guaranteed crediting rate.

Personalized guidance
Our trained financial professionals can conduct a thorough needs analysis to help you determine what type of life insurance is right for you.  Email us at:

info@royalheritagecommercial.com

Length of coverage
Lifetime

Benefit type
Variable payout

Premiums go toward
Cost of Policy and building the Policy's cash value

Premium payments
Monthly, quarterly, semi-annual or annual

Customized to fit your changing needs
When you want to accumulate cash inside the policy and plan for your wealth transfer, universal life insurance can provide options to suit your changing financial situation with:

• Flexible protection
  You have flexibility to choose the amount of protection best suited to your family.
• Flexible premium
  You control the amount and frequency of payments and have the option to make additional premium payments, subject to the policy agreement. Of course, depending upon policy performance and factors such as loans and withdrawals, the policy may require a minimum premium(s) to keep it in force.
• Earnings potential
  The issuing insurance company may guarantee a minimum growth rate on the cash value of the policy in some cases.

The flexible nature of universal life insurance means premiums can be altered over time, so you may be able to continue coverage even if you need to reduce your payments.

Personalized guidance

Our trained financial professionals can conduct a thorough needs analysis to help you determine what type of life insurance is right for you.  Email us at:

info@royalheritagecommercial.com