Permanent Insurance
Description
Understanding Permanent Insurance
What is Permanent Insurance?
Permanent insurance encompasses life insurance policies that do not expire, offering lifelong coverage. These policies typically include a death benefit and a savings component, making them a valuable part of your financial strategy.
Types of Permanent Insurance
Whole Life Insurance
Whole life insurance provides coverage for the insured's entire lifetime. The policy includes a guaranteed interest rate for the savings element, allowing your investment to grow steadily over time.
Universal Life Insurance
Universal life insurance also combines a death benefit with a savings element. However, it offers more flexibility in premium structures and the potential for earnings based on market performance.
Benefits of Permanent Insurance
Permanent insurance is a cornerstone of a robust protection plan for both families and businesses. It guarantees a payout, which can be used for various purposes:
- Final Estate Expenses: Cover end-of-life costs without burdening loved ones.
- Charitable Donations: Leave a lasting legacy by donating to a favorite charity.
- Tax-Advantaged Retirement Planning: Utilize the policy's value as a tax shelter, potentially accessing it tax-free during retirement.
Explore the advantages of permanent insurance and secure your future with a policy that adapts to your needs and provides peace of mind for a lifetime. Contact us today to learn more about how permanent insurance can benefit you and your loved ones.
Details
| Date Added | 2020-08-06 |
| Product Id | 10502711 |
