Who Might Benefit from Whole Life Insurance?
Whole Life Insurance can safeguard your Family’s Financial Security in Retirement, Serve as a meaningful Legacy, or simply be gifted to a Charity of your selection.
These policies small or large can create simplicity and direction from chaos. The uses are broad, for example: With my Policy I can:
Protect my Home by appointing the proceeds to making payments on a Mortgage until my loved ones can come up with a plan.
Pay off my Debt – this relieves debts that would’ve ultimately passed to relatives and loved ones close to me.
Pay for my Funeral – With my Whole Life Coverage, I can plan out monthly how to pay for my Final or Funeral Expenses without the worry of the Mortuary going out of business – This ultimately removes a huge additional burden of funeral arrangement funding off of my loved ones while mourning.
Key Advantages of Whole Life Insurance
Keep in mind, for certain individuals, they are a better choice than Term Life Insurance. Here’s why:
- Coverage extends for your entire lifetime without change
- Underwriting guidelines are simplified and more relaxed for health issues
- Coverage offers – Guaranteed or Level Benefit plans*
- Cash Accumulation- interest credited to the cash value built into the Policy*
- Provide a tax-deferred option, useful especially if you’ve maxed out other retirement savings plans.
What Does Whole Life Insurance Provide?
When Purchasing a Whole Life Policy, you’re ultimately creating a direct pathway to ensuring your Family’s Financial Protection without the concern of an expiration date, or premiums that increase until they become unaffordable.
Whole Life Coverage delivers a tax-free death benefit* to your beneficiary when you pass away. This type of coverage also builds a guaranteed cash value, which you can tap into at any time for any purpose, whether it’s funding a new educational endeavor, supporting a business in a time of need, or even supplementing retirement income when the unplanned things come up.
If you have Family or a Business thats ultimately relying on you, Whole Life Coverage could be worth considering.
an additional benefit that can be added to your approved Policy
- A Child/Grandchild Rider (can be more than 1) – This additional coverage can be converted into a lifelong policy at five times the original face value (up to a maximum of $35,000)
- Accelerated Death Benefit – this provides access to up to 50% of the policy’s face value if needed.
- Accidental Death – This doubles the payout if death occurs due to an accident.
- No medical exam required. (Under $50,000)
- Affordable premiums that remain fixed price
- Super preferred rate offering a 10% discount on Premiums made