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Different Types
of Cash Value Insurance

Here are highlights of how different cash value insurance policies work. They are intended to give you a sense of how to use them. Also, be sure to learn the "Rules of the Road" for cash value insurance, so you are comfortable and confident with your selection at the time of purchase.

Whole Life
  • Premiums stay level. They cannot be changed.


  • A portion of each premium is set aside to earn interest in the general account of the insurance carrier. Portions of the accumulated cash values can be borrowed against.


  • Dividends may be paid. They represent a partial return of premium paid and are not guaranteed.


  • The death benefit may be increased due to dividend payments, but can not be selectively modified.


  • Various "surrender options" are available for terminating the policy while the insured is alive.

Universal Life
  • Premiums can be changed, within certain limits.


  • Premiums are used to cover monthly mortality and expense charges. Excess payment is allocated to a cash account to earn interest.


  • Cash can be removed from the policy via withdrawals or loans. With a certain type of policy structure, the cash can also be added to the death benefit.


  • The face amount can be selectively modified.


  • Various "surrender options" are available for terminating the policy while the insured is alive.

Variable Life
  • Premiums are level, and a minimum death benefit can be guaranteed.


  • The policy owner allocates a portion of each premium to investment options held in separate subaccounts.


  • The cash value and death benefit will increase or decrease based on the performance of these investment options.


  • The cash value can be removed from the policy via withdrawals and loans.


  • The implementation and utilization of this policy must follow regulations established by the Securities and Exchange Commission. A prospectus that details charges and expenses must be delivered to you.


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The Kobrin Agency, Inc.
6-05 Saddle River Road, #103
Fair Lawn, NJ 07410    USA

1 (866) 633-1818   Phone (Toll-Free)
1 (201) 796-8142   Phone (Local NJ)
1 (201) 796-8244   Fax
skobrin@thekobrinagency.com

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by The Kobrin Agency, Inc.
All rights reserved.

Life Insurance License Notice
The Kobrin Agency, Inc., is life insurance licensed only in the state of New Jersey, USA. Residents of other states should request assistance through the web site of Steven H. Kobrin, LUTCF, instead of through The Kobrin Agency, Inc. Use of this web site indicates understanding of these statements.
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