WHOLE LIFE INSURANCE FREQUENTLY ASKED QUESTIONS AND ANSWERS

Q: What is Whole Life Insurance?

A: Whole life insurance is permanent insurance with protection continuing for as long as the premiums are paid.

Q: Do Premiums Increase?

A: No, premiums are established at the policy’s inception and remain level throughout they payment period.

Q:How long are Premiums Paid?

A: Premiums are paid for the lifetime of the insured however; there are policies that limit the period of premium payments. These polices are usually more expensive. (Consult a Financial Professional for more details)

Q: Does Whole Life Insurance Build any Cash Value?

A:Yes, a portion of each premium is set aside in a cash value account. Do I have any Options if I can afford to pay the Premiums? Yes, there are nonforfeiture options that can be elected in the event premiums are discontinued. (Consult a Financial Professional for further information)

Call our financial service representitive at (937) 746-1520 x1126 or x1230

These products are not bank products. These products are offered through a strategic alliance agreement between Ralph E. Wade Insurance Agency Inc. and The Community National Bank. The products are not FDIC insured, not a deposit, may lose value and do have a bank guarantee. The products are not insured by any federal agency.