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Participating Life Insurance

London Life Health Insurance Plan

London Life Participating Life Insurance – A Lifelong Protection with Tax-advantaged Cash Value

Unlike term life insurance, permanent or whole life insurance can protect you for life or in a long-term provided you continue paying your premiums. London Life’s participating life insurance is the ideal plan for you if you are looking for a lifelong protection with tax-advantaged cash value. This plan allows you to obtain protection for the rest of your life and build enough cash value to support your financial goals.

Interestingly, you don’t even need a medical exam to get a participating life insurance coverage, if you already had a term life insurance coverage. Furthermore, in the event of your death, the benefits from a participating life insurance plan can be paid to your named beneficiaries. Also, the benefits are tax-free and can go a long way in helping your beneficiaries to settle your estates.

Additional Details About London Life Participating Life Insurance Plan

Dividends from the London Life’s participating life insurance can be used to purchase additional coverage on a tax-advantaged basis. They can also be used to reduce the amount of premiums you pay annually. The dividends can even be taken out as cash but when withdrawn as cash, the cash may be taxed.

  • If you intend to build cash to support your financial goals, participating life insurance plan may be the right option for you.
  • Provided you continue paying your premiums, London Life’s participating life insurance plan will protect you for life.
  • If you already had London Life’s term life insurance plan, you don’t even need to go through a medical examination to obtain the participating life insurance coverage.
  • When you pass away, the benefit from this plan can be paid to your named beneficiaries and it is tax-free.
  • The cash value of the participating life insurance plan can grow tax-advantaged over time within legislative limits.
  • The benefits of a participating life insurance plan can be used to purchase more coverage on a tax-advantaged basis, reduce the amount of premiums you pay per year. It can also be taken out as cash but this may be taxed.

Ask your Broker about London Life Participating Life Insurance Quotes and Compare!

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