How Can Whole Life Insurance Benefit My Family?
Whole Life Insurance is the variety that you probably think of when you hear the term “life insurance”. The policy does not expire until the time of death at which point the premium is paid out. Early on in the policy the larger payment amounts are made, that way as it gets closer to maturity the insurance company has received more funds towards the future payout.
A Whole Life Insurance policy offers consistency, as you know exactly how much will be paid out at the time of your death. This money is given to a listed individual tax-free. This can be used to cover any remaining expenses you leave behind, or just contribute to their costs of living.
We live in a world that is filled with the uncertainty. Life Insurance protects your loved ones in the event of your death. It can provide future income to your family if you were to pass away during your prime working years, and it may also be used to pay debt, such as a mortgage, final and emergency expenses.
Critical illness insurance offers help paying costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you receive a lump sum cash payment – you decide how to spend the money.
Anyone that has used an insurance agent in the past understands just how valuable such a service provider, is no matter what stage you are at in your life. There are many false perceptions about using an insurance agent that come from a lack of understanding about the process and the benefits.
Protecting yourself and your investments is essential. Unexpected circumstances can happen to anyone at anytime, and preparing for this with insurance ensures you aren’t financially devastated when they occur. Life Insurance and Group Health Benefits are smart options that are right for everyone. Let’s discuss your life and goals to determine which insurance products are the best fit to protect you.