Term Life Insurance

What it does:

• It pays a death benefit to the beneficiary you name that will: 1) cover your final expenses, and 2) provide a lump sum that can be invested to meet the ongoing needs of your dependents.
• It covers you for the full amount of life insurance you choose for a specified period of time.
• It can be convertible and renewable depending on the policy.
• It gradually increases annual premiums as you get older.
• It traditionally works well to meet temporary insurance needs.

What it doesn't do:

• It doesn't provide a cash value account for some later point such as retirement.
• It doesn't provide you permanent life insurance protection.

Whole Life Insurance

What it does:

• It pays a death benefit to the beneficiary you name and offers you a low risk cash value account and tax-deferred cash accumulation.
• It provides a fixed premium which can't increase during your lifetime as long as you continue to pay the planned amount.
• It allows the insurance company to exclusively manage the cash value account in your policy.
• It provides you the option to receive dividends from your policy or apply them to reduce payments.
• It offers you the right to withdraw from the policy during your lifetime.

What it doesn't do:

• It doesn't offer the account flexibility to invest in separate accounts such as money market, stock, and bond funds.
• It doesn't allow you the account flexibility to split your money among different accounts or to move your money between accounts.
• It doesn't offer premium flexibility.
• It doesn't offer face amount flexibility.

Universal Life Insurance

What it does:

• It pays a death benefit to the beneficiary you name and offers you a low risk cash value account and tax deferred accumulation.
• It allows you to earn market rates of interest on your cash value account.
• It offers the right to borrow or withdraw from the policy during your lifetime.
• It allows you premium flexibility.
• It offers face amount flexibility.

What it doesn't do:

• It doesn't offer you the account flexibility to invest in separate accounts such as money market, stock, and bond funds.
• It doesn't allow you the account flexibility to split your money among different accounts or to move your money between accounts.

Variable Life Insurance

What it does:

• It pays a death benefit to the beneficiary you name and offers you low-risk, tax-deferred cash accumulation.
• It allows the death benefit to vary in relation to the fund returns of the cash value account.
• It allows you to borrow from the policy during your lifetime.

What it doesn't do:

• It doesn't allow you to withdraw from the cash value account during your lifetime.
• It doesn't offer you premium flexibility.
• It doesn't offer you face amount flexibility.

Universal Variable Life Insurance

What it does:

• It pays a death benefit to the beneficiary you name and offers you low risk tax deferred cash value options.
• It offers separate accounts for you to invest in such as money market, stock, and bond funds.
• It offers premium flexibility.
• It offers face amount flexibility.
• It allows you to make withdrawals or to borrow from the policy during your lifetime.
• It stipulates that if you terminate the contract in early years you will receive less cash value total return than in a whole contract.

What it doesn't do:

• It requires you, the policyholder, to devote time to manage your policy's accounts. The policy's longterm success is contingent on the investment you make.
• It doesn't work well with small premium amounts because your premium must cover your insurance and your accounts.

Siegel Insurance Inc.
1740 Century Circle Suite 8  Atlanta, GA 30345-3028
Phone: (404) 633-6332  Fax: (404) 633-9388
Toll Free: (888) 275-0553