Limited pay whole life insurance is a permanent policy where you pay premiums for a set period—typically 10, 20, or 30 years—but coverage lasts your entire life. After the payment period ends, the policy is “paid-up” and requires no more premiums. This structure offers unique advantages but comes with significant trade-offs. This guide provides an honest analysis of both sides to help you determine if limited pay whole life fits your financial situation.
đź’ˇ Quick Overview
Limited pay whole life insurance allows you to pay premiums for a limited time period (instead of your entire life) while maintaining permanent coverage. Once the payment period ends, you never pay another premium, but the policy and death benefit remain in force for life. This makes it attractive for those who want guaranteed lifetime coverage without lifetime premium payments—but the trade-off is significantly higher premiums during the payment period.
Payment Period
Premium Cost
Cash Value
Best For
What Is Limited Pay Whole Life Insurance?
Understanding the Basics
Limited pay whole life is a variation of traditional whole life insurance where you compress all premium payments into a shorter timeframe while maintaining permanent coverage.
Core Concept
Limited pay whole life insurance is permanent coverage where premiums are paid for a specified limited period—such as 10 years, 20 years, or until you reach age 65—after which the policy becomes “paid-up.” Once paid up, no more premiums are required, but the death benefit and cash value continue for your entire life.
Key Characteristics
- Permanent coverage that lasts your entire life
- Premiums are only required for a limited number of years
- Much higher premiums than traditional whole life during the payment period
- Guaranteed death benefit that never decreases
- Cash value that grows tax-deferred
- Policy becomes “paid-up” after the payment period ends
- No more premiums needed after paid-up status is achieved
How It Differs From Traditional Whole Life
Traditional whole life requires premium payments until death or age 100. Limited pay whole life allows you to finish paying in 10, 20, or 30 years (or by age 65) while maintaining the same permanent coverage. You pay significantly more per year, but for fewer years.
đź’ˇ Simple Analogy
Think of limited pay whole life like paying off a mortgage early. Instead of making smaller payments over 30 years, you make larger payments over 10-20 years to own your home outright sooner. With limited pay life insurance, you make larger premium payments for fewer years to “own” your policy outright (paid-up status) sooner, eliminating future premium obligations while maintaining lifetime coverage.
How It Works
The Mechanics of Limited Pay
Understanding how limited pay whole life operates helps you evaluate whether the structure aligns with your financial goals.
1. Policy Purchase
You purchase a limited-pay whole life policy and select the payment period (10-pay, 20-pay, paid-up at 65, etc.). The insurer calculates premiums based on your age, health, coverage amount, and chosen payment period. Shorter payment periods mean much higher annual premiums.
2. Premium Payment Period
During the payment period, you pay the required premiums on schedule (monthly, quarterly, or annually). Premiums are significantly higher than traditional whole life because you’re compressing decades of payments into a shorter timeframe. Missed payments can cause the policy to lapse unless you have enough cash value to cover them.
3. Cash Value Accumulation
A portion of each premium payment goes toward building cash value in the policy. Because premiums are higher, cash value accumulates faster than in traditional whole life. The cash value grows tax-deferred and can be borrowed against or withdrawn (with consequences).
4. Paid-Up Status
Once you complete the payment period, the policy becomes “paid-up.” This means no more premiums are ever required. The death benefit remains guaranteed, cash value continues to grow (though more slowly), and coverage stays in force for your entire life. You’ve essentially prepaid for lifetime insurance.
5. Lifetime Coverage
After paid-up status is achieved, the policy continues until death regardless of how long you live. If you become paid-up at age 45 and live to 95, you have 50 years of coverage with zero additional premiums. The death benefit pays out whenever you die, and cash value remains accessible throughout your life.
Infinite Banking Strategy
Using Whole Life as Your Own Bank
Some financial strategists promote using limited pay whole life (and traditional whole life) as a personal banking system—borrowing against cash value instead of using traditional banks.
What Is Infinite Banking?
The Infinite Banking Concept (IBC), popularized by Nelson Nash, involves overfunding whole life insurance policies and then borrowing against the cash value for major purchases, investments, or business expenses—rather than using traditional bank loans. You essentially “become your own banker,” paying yourself back with interest instead of paying banks. Limited pay whole life accelerates this strategy due to faster cash value accumulation.
How It Works
- Purchase a high cash value whole life policy (often limited pay or with paid-up additions riders)
- Build substantial cash value over several years
- Borrow against the cash value when you need capital (for cars, real estate, business investments, etc.)
- Pay yourself back on your own schedule with interest
- The cash value continues growing even while borrowed against (uninterrupted compounding)
Advantages of This Strategy
- Uninterrupted Growth: Cash value continues earning interest even when borrowed against
- Flexible Repayment: No required payment schedule—repay on your terms
- No Credit Checks: Access to capital without bank approval or credit inquiries
- Tax-Free Loans: Policy loans are not taxable events
- Loan Repayment Structure: Principal repayments restore cash value; loan interest is paid to the insurance company rather than external lenders
- Financial Control: You control the capital and repayment terms
- Liquidity + Protection: Maintain death benefit while accessing cash value
Disadvantages of This Strategy
- Extremely Expensive Setup: Requires years of very high premium payments before sufficient cash value builds up
- Loan Interest Costs: Policy loans charge 5-8% interest; the cash value continues growing, but at lower guaranteed rates (2-4%) plus potential dividends
- Reduces Death Benefit: Unpaid loans and interest reduce the death benefit paid to beneficiaries
- Opportunity Cost: Capital committed to the policy is not available for other investment or financial opportunities
- Policy Lapse Risk: Excessive loans without repayment can cause the policy to lapse
- Long Time Horizon: Takes 10-15+ years to build meaningful borrowable cash value
- Complex Strategy: Requires discipline and understanding to execute properly
⚠️ Important Reality Check
Policy loans typically charge 5-8% interest while cash value grows at guaranteed rates of 2-4% plus potential non-guaranteed dividends. The concept of uninterrupted compounding means your full cash value continues earning returns even while borrowed against, though you are simultaneously paying interest on the loan.
This strategy requires substantial capital commitment over many years before meaningful cash value accumulates. The approach has both proponents who value the tax advantages and control it provides, and critics who prefer alternative financial strategies. The suitability depends entirely on individual financial circumstances, goals, and existing financial foundation.
Who Might Consider Infinite Banking?
Potentially Suitable For: Individuals with a high stable income, those who have maximized other tax-advantaged savings vehicles (401k/IRA/HSA), people seeking additional tax-advantaged wealth building options, those comfortable with long time horizons (15+ years), and individuals who value control over their capital and flexible repayment terms.
Less Suitable For: Individuals with limited disposable income, those not yet maximizing employer-sponsored retirement plans, people who need access to capital within 10 years, and those who prefer traditional banking and investment approaches.
Bottom Line: Infinite banking is a financial strategy that uses whole life insurance cash value as a personal lending source. It offers specific benefits, including tax advantages, uninterrupted compounding, and capital control. The strategy requires substantial initial investment, long time horizons, and ongoing discipline. Individuals considering this approach should evaluate it alongside other financial strategies and consult with financial professionals to determine if it aligns with their specific financial goals and circumstances.
Common Payment Structures
Popular Limited Pay Options
Insurance companies offer various payment period options to fit different needs and budgets.
10-Pay Whole Life
Payment Period: 10 years
Premium Level: Extremely high (the highest of all limited pay options)
Best For: High-income individuals who want to eliminate premiums quickly, have substantial disposable income, and value rapid cash value accumulation. Often used for estate planning or as a forced savings vehicle by wealthy individuals.
20-Pay Whole Life
Payment Period: 20 years
Premium Level: Very high (but more manageable than 10-pay)
Best For: Middle-to-high earners who want to be premium-free by retirement or a specific milestone, can commit to higher payments for two decades, and value the balance between affordability and rapid paid-up status. Most popular limited pay option.
Paid-Up at 65
Payment Period: Until age 65 (varies by purchase age)
Premium Level: High (lower than fixed-year options if purchased young)
Best For: Those who want no premium payments in retirement, prefer age-based rather than time-based payment periods, are purchasing in their 30s-40s (giving a longer payment period), and prioritize retirement planning. Premiums stop at 65 regardless of when purchased.
30-Pay Whole Life
Payment Period: 30 years
Premium Level: Moderately high (lowest of limited pay options)
Best For: Those who want eventual premium-free status but need more affordable annual premiums, are young and can commit to three decades of payments, want faster cash value growth than traditional whole life but more manageable premiums than 10 or 20-pay.
Single Premium Whole Life
Payment Period: One lump sum payment
Premium Level: Very large one-time payment
Best For: High net worth individuals with substantial liquid assets, those wanting immediate paid-up status, estate planning purposes, or converting a large windfall into tax-advantaged life insurance. Policy is paid-up from day one. Note: Subject to Modified Endowment Contract (MEC) tax rules.
đź“Š Payment Period Impact
The shorter the payment period, the higher your annual premiums—but the faster you achieve paid-up status. A 10-pay policy might cost 3-4 times the annual premium of a 30-pay policy for the same death benefit. Choose based on your income level, financial goals, and how quickly you want to eliminate premium obligations.
Key Advantages
Benefits of Limited Pay Whole Life
Limited pay whole life offers several genuine advantages that make it attractive for certain financial situations and goals.
1. No Lifetime Premium Burden
The most significant advantage: after the payment period, you never pay another premium but maintain full coverage for life. This is especially valuable in retirement when income typically decreases. You’re protected whether you live to 70, 90, or 100, without worrying about affording premiums in your 80s or 90s. This provides peace of mind and eliminates a lifelong financial obligation.
2. Faster Cash Value Accumulation
Because premiums are higher, more money goes into cash value more quickly. Cash value builds faster than traditional whole life, giving you earlier access to policy loans and withdrawals. This accelerated growth can be beneficial for supplemental retirement income, emergency funds, or other financial needs. The cash value continues growing even after premiums stop.
3. Forced Savings Discipline
High premium requirements force disciplined savings. For individuals who struggle with voluntary savings, the obligation to pay premiums creates automatic wealth building. The policy becomes a forced savings vehicle that grows tax-deferred and provides death benefit protection simultaneously. This structure works well for high earners who might otherwise spend discretionary income.
4. Predictable Retirement Planning
Knowing exactly when premiums end allows precise retirement planning. If you choose paid-up at 65, you know your life insurance will be completely paid off when you retire. This eliminates a significant expense from your retirement budget and provides certainty about future cash flow needs. You can plan your retirement knowing this obligation will be fulfilled.
5. Guaranteed Death Benefit
Like all whole life, the death benefit is guaranteed and never decreases (absent policy loans). Your beneficiaries are guaranteed to receive the full face amount whenever you die, whether in 5 years or 50 years. This provides certainty for estate planning and ensures your family will be protected regardless of market conditions or economic changes.
6. Tax-Advantaged Growth
Cash value grows tax-deferred, meaning you don’t pay taxes on growth while it accumulates. You can borrow against cash value tax-free (though loans reduce death benefit if unpaid). Death benefits pass to beneficiaries income-tax-free. For high earners in high tax brackets, these tax advantages can be significant compared to taxable investment accounts.
7. Estate Planning Benefits
Provides liquidity for estate taxes, equalization among heirs, or charitable giving. The death benefit can help cover estate tax obligations without forcing heirs to sell assets. For business owners, it can fund buy-sell agreements. The guaranteed death benefit allows precise estate planning regardless of market performance or economic conditions at the time of death.
8. Protection Against Future Insurability Issues
By securing coverage early with limited pay, you lock in insurability even if health declines later. If you develop serious health conditions after paid-up status, you still have coverage without ongoing premiums. This is valuable because most people’s health deteriorates with age, potentially making future insurance unaffordable or unavailable.
9. Lower Lifetime Cost (If Longevity)
If you live a long life, a limited-pay whole life can cost less in total premiums than traditional whole life. For example, paying for 20 years versus paying until age 95 means you stop paying decades earlier. If you live to 90+, you’ve saved 30+ years of premium payments compared to traditional whole life. This makes it cost-effective for those with longevity in their family history.
Major Disadvantages
Drawbacks and Limitations
Limited pay whole life has significant disadvantages that make it unsuitable for many people. Understanding these drawbacks is essential for making an informed decision.
1. Extremely High Premiums
The biggest disadvantage: premiums are 2-4 times higher than traditional whole life and 10-20 times higher than term insurance. For example, a 40-year-old might pay $500/month for 20-pay whole life versus $150/month for traditional whole life or $40/month for term. These high premiums can strain budgets and limit other financial goals. Most families cannot afford these premiums alongside mortgages, education costs, and retirement savings.
2. Massive Opportunity Cost
The money going to high premiums could be invested elsewhere with potentially higher returns. If you paid $500/month into limited pay whole life versus investing that same amount in a diversified portfolio, the investment portfolio could significantly outperform over decades. The guaranteed returns in whole life (typically 2-4%) are far below historical stock market averages (8-10%). This opportunity cost compounds over time.
3. Poor Early Cash Value Accumulation
Despite higher premiums, most of your early payments go to insurance costs and company expenses, not cash value. In the first few years, cash value accumulation is poor relative to premiums paid. If you cancel early, surrender charges further reduce what you receive. Cash surrender value in years 1-5 is typically much less than total premiums paid. This makes it a poor short-term investment.
4. Inflexibility and Commitment
You’re locked into high premium payments for the entire payment period. If your financial situation changes (job loss, business failure, unexpected expenses), you must continue paying or risk losing the policy and most of the money you’ve invested. Unlike term insurance where you can easily drop coverage if needed, limited pay whole life creates a long-term inflexible obligation. Missing payments can cause policy lapse.
5. Lower Coverage Amount for Premium Dollar
The same premium dollars buy far less death benefit in limited pay whole life than term insurance. $500/month might buy $100,000 of limited pay whole life versus $1,500,000+ of term insurance. For families needing substantial coverage (mortgage protection, income replacement), limited pay whole life provides inadequate death benefit. You may be underinsured because premiums only allow for smaller face amounts.
6. Complexity and Fees
Limited pay whole life is complex with numerous fees: mortality charges, administrative fees, premium loads, surrender charges, and potentially others. Understanding actual costs and returns requires careful analysis. Insurance companies make significant profits from these policies. Agents earn high commissions (often 50-100% of first-year premium), which can create sales pressure even when unsuitable.
7. Lower Returns Than Other Investments
The guaranteed returns on cash value (typically 2-4% plus non-guaranteed dividends) are lower than what disciplined investors can achieve in diversified investment portfolios over long periods. For the same money invested consistently in low-cost index funds, you’d likely accumulate significantly more wealth. The “safety” of guaranteed returns comes at the cost of substantially lower growth potential.
8. May Outlive Need for Coverage
Many people buy life insurance to protect dependents—but children grow up, mortgages get paid off, and retirement savings accumulate. You might reach 60-70 with sufficient assets that life insurance is no longer necessary, yet you’ve paid high premiums for permanent coverage you no longer need. Term insurance that expires when need decreases is more aligned with most families’ protection needs.
9. Not Best for Young Families
Young families typically need maximum death benefit at minimum cost—exactly opposite of what limited pay whole life provides. A young parent with limited income is better served by inexpensive term insurance providing $1 million+ coverage than expensive limited pay whole life providing $100,000. The family’s protection needs favor term insurance overwhelmingly during child-rearing years.
10. Better Alternatives Often Exist
For most people, buying term insurance and investing the premium difference in tax-advantaged accounts (401k, IRA, HSA) provides better results: higher death benefit during working years, more accumulated wealth, greater flexibility, and lower costs. This “buy term and invest the difference” strategy typically outperforms permanent insurance for wealth building and family protection combined.
Limited Pay vs Traditional Whole Life
Comparing the Two Approaches
Understanding the differences between limited pay and traditional whole life helps you choose the right structure if you’ve decided permanent insurance is appropriate.
Limited Pay Whole Life
- Premiums: Very high during the payment period
- Payment Duration: 10-30 years or to age 65
- Total Paid: Higher if you die young
- Paid-Up Status: Achieved in 10-30 years
- Cash Value: Accumulates faster
- Coverage Amount: Lower for the same premium dollar
- Flexibility: Less flexible, higher commitment
- Retirement: No premiums in retirement
- Best For: High earners wanting premium-free retirement
Traditional Whole Life
- Premiums: Lower, more manageable
- Payment Duration: Lifetime (to age 100)
- Total Paid: Lower if you die young
- Paid-Up Status: At age 100 (or when cash value equals death benefit)
- Cash Value: Accumulates more slowly
- Coverage Amount: Higher for the same premium dollar
- Flexibility: More flexible, lower commitment
- Retirement: Premiums continue in retirement
- Best For: Those wanting more affordable permanent coverage
đź’ˇ The Key Trade-Off
Limited pay whole life trades higher short-term premiums for no premiums later. Traditional whole life trades lower premiums for lifetime payment obligations. If you value eliminating premium obligations in retirement and can afford higher premiums now, limited pay may be better. If you prefer lower, more manageable premiums and don’t mind paying throughout life, traditional whole life may fit better.
Who Should Consider This
Ideal Candidates
Limited pay whole life is appropriate for specific situations and unsuitable for most people. Here’s who should and shouldn’t consider it.
âś“ Good Candidates
- High-income earners with substantial disposable income who can comfortably afford high premiums without sacrificing other financial goals
- Those maxing out retirement accounts (401k, IRA, etc.) and looking for additional tax-advantaged wealth-building tools
- Business owners using insurance for estate planning, buy-sell agreements, or key person coverage
- Individuals with estate tax concerns who need guaranteed liquidity for estate settlement costs
- People who want forced savings discipline who might otherwise spend their discretionary income
- Those approaching retirement who want to eliminate all premium obligations before retiring
- High-net-worth individuals using life insurance as part of a diversified financial strategy
- People with permanent coverage needs (dependent with disabilities, charitable giving goals, etc.)
- Those who have tried and failed to save consistently through voluntary methods
âś— Poor Candidates
- Young families who need maximum death benefit at minimum cost to protect dependents
- Those with limited income who cannot afford high premiums alongside other essential financial obligations
- People not maxing retirement accounts (401k, IRA)—these should take priority due to employer matches and higher contribution limits
- Those with high-interest debt (credit cards, personal loans)—paying off debt provides guaranteed “returns” higher than insurance cash value
- Individuals wanting maximum investment returns—other investment vehicles typically outperform over long periods
- People who value flexibility—term insurance and separate investments provide more adaptability
- Those uncertain about long-term commitment—surrendering early results in significant losses
- Individuals needing temporary coverage—term insurance is far more cost-effective
- Anyone buying solely because an agent recommended it without understanding alternatives and confirming it fits their specific financial situation
⚖️ The Reality Check
For most people, limited-pay whole life is not the best choice. Term insurance combined with disciplined investing in tax-advantaged retirement accounts typically provides better death benefit coverage, wealth accumulation, and flexibility. Limited pay whole life makes sense for a small subset of high-income individuals with specific estate planning needs or those who genuinely need forced savings discipline and can truly afford the high premiums.
Cost Analysis & Examples
Real Numbers
These examples illustrate the actual cost differences between limited pay whole life and alternatives.
Example 1: 40-Year-Old Male, $250,000 Coverage
20-Pay Whole Life: $425/month Ă— 240 months = $102,000 total paid (premiums stop at age 60)
Traditional Whole Life: $150/month for life (if lives to 85 = $81,000 total paid)
30-Year Term: $35/month Ă— 360 months = $12,600 total paid
Invest the Difference: $390/month invested at 7% for 30 years = $472,000+
Analysis: Limited pay costs most if you die before 85, but eliminates retirement premiums. Term plus investing potentially builds far more wealth.
Example 2: 35-Year-Old Female, $500,000 Coverage
10-Pay Whole Life: $1,800/month Ă— 120 months = $216,000 total paid (premiums stop at age 45)
20-Pay Whole Life: $750/month Ă— 240 months = $180,000 total paid (premiums stop at age 55)
Traditional Whole Life: $280/month for life (if lives to 85 = $168,000 total paid)
20-Year Term: $30/month Ă— 240 months = $7,200 total paid
Analysis: The 10-pay premium is staggering but provides premium-free coverage for potentially 50+ years. Term provides 16x more coverage for a fraction of the cost during peak earning/protection years.
Example 3: Longevity Scenario
Scenario: 40-year-old purchases $300,000 coverage, lives to age 95
20-Pay Whole Life: Pays $500/month for 20 years = $120,000 total, then nothing for 35 years
Traditional Whole Life: Pays $180/month for 55 years = $118,800 total
Result: In this longevity scenario, both cost approximately the same total, but limited pay eliminates premiums 35 years earlier
Analysis: For those with family longevity history, limited pay can cost the same or less in total premiums while eliminating decades of payment obligations. This is where limited pay shines.
đź“Š Important Notes
These examples use approximate rates and will vary by company, health classification, and current market conditions. Actual quotes should be obtained from multiple insurers before making decisions.
The “invest the difference” calculations assume disciplined investing at historical market averages. Actual results vary based on market performance, investment choices, fees, and individual discipline in consistently investing.
Common Mistakes to Avoid
Don’t Make These Errors
Avoid these common pitfalls when considering limited pay whole life insurance.
Buying It for “Investment” Purposes
âś“ BETTER APPROACH: Life insurance is for protection, not investment. If you need life insurance, limited pay whole life may work. If you need investments, use actual investment accounts with lower fees and higher historical returns. Don’t confuse the two purposes.
Choosing It Because Your Agent Recommends It
âś“ BETTER APPROACH: Agents earn large commissions on whole life policies (often 50-100% of first-year premium). Get multiple opinions from fee-only financial advisors who don’t earn commissions. Understand that the agent’s recommendation may be influenced by commission structure.
Not Comparing to Term Plus Investing
âś“ BETTER APPROACH: Run detailed calculations comparing limited pay whole life to buying term insurance and investing the premium difference in low-cost index funds. For most people, term plus investing provides better protection and wealth building.
Overextending Your Budget
âś“ BETTER APPROACH: Only commit to limited pay whole life if premiums are truly comfortable—not stretching your budget. If premiums strain your finances, you’ll likely surrender the policy early at a significant loss. Be honest about what you can sustainably afford for 10-30 years.
Ignoring Opportunity Cost
âś“ BETTER APPROACH: Consider what else that money could do. Could it pay off your mortgage faster? Max out retirement accounts? Fund your children’s education? Start a business? The high premiums represent significant opportunity cost that compounds over decades.
Surrendering Early
âś“ BETTER APPROACH: If you’re going to buy limited pay whole life, commit fully for the entire payment period. Surrendering in the first 5-10 years results in major losses due to fees and surrender charges. If you’re uncertain about commitment, don’t buy it.
The Bottom Line
Limited pay whole life insurance has legitimate advantages—particularly eliminating premium obligations in retirement, faster cash value growth, and forcing savings discipline. However, these benefits come at a steep cost: premiums 2-4 times higher than traditional whole life and significantly less death benefit per dollar than term insurance.
For most families, especially those with limited income, young children, or moderate insurance needs, term insurance combined with disciplined investing in retirement accounts provides better overall financial outcomes: maximum death benefit during peak protection years, greater wealth accumulation, more flexibility, and lower costs.
Limited pay whole life makes sense for a small subset of people: high earners with substantial disposable income, those maxing out all other tax-advantaged savings, individuals with specific estate planning needs, or those genuinely requiring forced savings discipline. If you’re considering it, compare thoroughly to alternatives, ensure premiums are truly comfortable for the entire payment period, and understand you’re prioritizing premium-free retirement over wealth accumulation efficiency.
Need Help Evaluating Your Options?
Talk to an independent insurance professional who can compare limited pay whole life to traditional whole life, term insurance, and other alternatives objectively based on your specific financial situation.
Call for Unbiased Analysis: 888-211-6171
Licensed agents who will honestly evaluate whether limited pay whole life fits your needs or if other options provide better value for your family’s protection and financial goals.
Disclaimer: This article provides general educational information about limited pay whole life insurance for informational purposes only and does not constitute insurance, financial, legal, or tax advice. Information is current as of 2025 but insurance products, premiums, features, and available options vary significantly by insurance company, individual circumstances, age, health, state regulations, and other factors. The examples and cost comparisons provided are simplified for educational purposes and may not reflect all situations or current market rates. Actual premiums, cash value growth, and policy performance depend on numerous factors including the specific insurance company, policy provisions, dividends (if applicable), and individual circumstances. Investment return assumptions are hypothetical and not guaranteed—actual investment results vary based on market performance, fees, investment choices, and timing. This content should not be used as a substitute for professional advice from licensed insurance agents, fee-only financial advisors, tax professionals, and legal counsel who can evaluate your specific situation. Limited pay whole life insurance is not suitable for everyone and may not be the best option for your circumstances. Before purchasing any life insurance policy, compare multiple options, obtain quotes from multiple insurers, understand all fees and charges, read policy documents carefully, and ensure the premium commitment is sustainable for the entire payment period. Consider working with fee-only financial advisors who do not earn commissions on product sales for unbiased guidance. Past performance of investments or insurance products does not guarantee future results.
