Life Insurance Review from PNC Wealth Management

For many, life insurance is a critical component of an overall financial plan, and selecting the right amount of coverage and policy type can be a challenge. As with all investments, it’s important to monitor life insurance policies to determine if they’re helping you to achieve your financial goals. PNC Wealth Management can provide you with a no-cost policy review to help confirm you’re receiving the best possible value.

Key Features

Safeguard your Assets

Protect your income and efficiently transfer assets to your heirs

Alignment with Financial Plans

Confirm that policies support your financial goals, including your retirement plan, business plan and estate plan

Side-by-side Policy Comparison

PNC Wealth Management can assess your evolving needs, coverage and costs to help you make an appropriate selection

Insurance can play a key role in a comprehensive financial plan. In fact, many plans may not be complete without it. Consider the following:

If you were to pass away, would your family have the necessary resources to maintain the lifestyle they’re accustomed to?
What would happen to the children’s plans for college?
Could your family afford the mortgage left behind on your home?
How long would your dependents require support after your passing?

Additionally, life insurance may play an integral role in:

Retirement planning. The cash value account of permanent life insurance generally grows tax-deferred, and can be used to help grow your resources for retirement while also providing a life insurance benefit to your family.

Business planning. Life insurance may provide the capital necessary to replace and train a key employee whose death could negatively affect business. It may also be used as a business succession tool, helping to transfer ownership of your business according to your will upon your passing.

Estate planning. Life insurance can be used to establish a trust, define your legacy, set up an annuity, fund a charity of your choice, and much more.

Term Life Insurance	Permanent Life Insurance
Provides coverage for a set period of time, referred to as the term, generally ranging from 1-30 years.	Offers protection for your entire lifetime, as long as you pay the premiums required to stay in good standing.
Should you pass away during the term, your beneficiary will receive the policy’s death benefit.	A portion of each payment is designated to a cash value account; this value will generally grow tax-deferred for the length of the policy.
At the end of the term, your coverage may be renewable, or the policy may simply terminate.	You may take loans from the cash value account, but any unpaid loans at the time of death will reduce benefits awarded to your beneficiary

There are a number of types of permanent life insurance^[1], including:

Whole Life
A guaranteed required premium and guaranteed minimum cash value and death benefit are all fixed at the time the policy is issued.^[2] However, the cash value may grow beyond the initial guarantees through dividends or a declared crediting rate.

Universal Life
A premium schedule is provided at policy issue based on a set of current assumptions, but policy owners have the flexibility to skip, reduce, or increase premiums based on their needs. As long as the policy expenses and cost of insurance are covered by premiums paid or available cash value, the policy will remain in force and excess premiums will accumulate and grow in the cash value account. Cash value growth is based on the insurer’s declared crediting rate.

Variable Universal Life
A premium schedule is provided at policy issue based on a set of current assumptions, but policy owners have the flexibility to skip, reduce, or increase premiums based on their needs. As long as the policy expenses and cost of insurance are covered by premiums paid or available cash value, the policy will remain in force and excess premiums will accumulate and grow in the cash value account. Cash value growth is based on the performance of subaccounts chosen by the policy owner to align with their goals and risk tolerance. Subaccount returns are subject to market risk and account value fluctuations.

Indexed Universal Life
A premium schedule is provided at policy issue based on a set of current assumptions, but policy owners have the flexibility to skip, reduce, or increase premiums based on their needs. As long as the policy expenses and cost of insurance are covered based on premiums paid or cash value, the policy will remain in force and excess premiums will accumulate and grow in the cash value account. Cash value growth is based on the performance of an equity index such as the S&P 500.

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Pricing & Fees. For a personalized insurance illustration, please contact PNC Wealth Management.
All guarantees are based on the claims-paying ability of the issuing insurance company.

This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Wealth Management and its affiliates and vendors do not provide legal, tax or accounting advice.

Important Investor Information: Brokerage and insurance products are:

• NOT FDIC INSURED
• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
• NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, PNC BANK, N.A. OR ANY OF ITS AFFILIATES
• SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Securities products and brokerage services as well as managed account advisory services are offered by PNC Wealth Management LLC, a registered broker-dealer and a registered investment adviser and Member FINRA and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency (CA License #0B57695).

PNC Wealth Management and PNC Insurance Services do not provide legal, tax, or accounting advice.

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View Important Information About Order Routing and Execution.

This document provides information on additional compensation that PNC Wealth Management receives from certain mutual fund companies, 529 plan program managers and insurance companies.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.

PNC Wealth Management does not guarantee the performance of any investment. Investing results may vary. Investments may lose money. Diversification and asset allocation may not prevent a loss of investment.

PNC Wealth Management LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.

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Life Insurance

PNC Wealth Management can provide you with a no-cost policy review to help confirm you’re receiving the best possible value.

Key Features

Safeguard your Assets

Alignment with Financial Plans

Side-by-side Policy Comparison

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Life Insurance

PNC Wealth Management can provide you with a no-cost policy review to help confirm you’re receiving the best possible value.

Key Features

Safeguard your Assets

Alignment with Financial Plans

Side-by-side Policy Comparison

Life Insurance: Part of Your Financial Portfolio

Term vs. Permanent

Different Types of Permanent Life Insurance

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