Coverage for life
Permanent life insurance is one of the most important investments you can make for your family. It provides financial security, ensuring that they will be taken care of even if something unexpected happens to you. Permanent life insurance policies are designed to last a lifetime and many include an option to cash out some or all of the benefits while you are still alive. With a permanent policy, you have peace of mind knowing that your family has protection no matter what might happen in the future.
There are several different types of permanent life insurance available. Each type offers its own benefits and features that may make it more suitable for certain individuals than others. Some of the most common types include whole life, universal life, variable life, and indexed universal life insurance
Benefits of Permanent Life Insurance
Avoid a lapse in coverage if you don’t pay on time.
Your policy can be adjusted as your needs change
Supplement income and build tax-deferred savings right inside your policy
Permanent Life Insurance Policies
A universal life insurance policy is an affordable permanent life insurance option that remains in effect for your entire lifetime. The amount of coverage you have and the age at which you apply will determine the rate charged to you, as will your health status. Universal life insurance is a popular choice because it can be more affordable than other forms of permanent life insurance
Whole life insurance is a slightly more expensive permanent life insurance option that is intact until you pass away. Your coverage can range from enough to cover your funeral expenses to a wide range of values that fit your budget. Whole life policies have fixed premiums for the lifetime of the policy – and they are most attractive because they guarantee a death benefit and come with a built-in cash value.