While the advantages of an SPWL certificate make it appropriate for many different ages and situations, there are several groups who should strongly consider purchasing an SPWL certificate.
There are many options available when it comes to placing your money where it will be most beneficial for you and your family. You may have funds at a bank in a passbook account or a CD. Perhaps you have a money market account or even an annuity. It’s important to investigate how these options compare to SPWL. Consider the table below.
SPWL gives you the ability to increase the amount of money you leave to your heirs, provides income tax advantages*, and allows you to control your money during your lifetime. It may well be the one product that will satisfy your multiple needs.
|SPWL||Passbook Savings||CD||Money Market|
|Market Guaranteed Death Benefit||Yes||No||No||No|
|Transfers To Beneficiaries Income Tax Free*||Yes||No||No||No|
|Tax Deferred Accumulation||Yes||No||No||No|
|Provides Membership & Fraternal Benefits||Yes||No||No||No|
|Eligible For Creditor Exemption||Yes||No||No||No|
*Consult your tax advisor