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A whole life insurance policy can help you address a variety of financial needs during various stages of your life. Whole Life Insurance offers guaranteed level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force. Whole Life policies also provide for the accumulation of cash value on a tax-deferred basis which can be used when you need it.
- Guaranteed death benefit
- Level premiums
- May provide for your family’s loss of income, mortgage costs, and educational needs
- Gives you access to cash value for life’s opportunities
- Enables you to leave a financial legacy for the next generation
- Non-guaranteed dividends can help increase the cash value and death benefit provided by the policy.
There are pros and cons for every type of life insurance plan. Your local HealthMarkets agent is a valuable resource to help you determine which policy type is best suited for your family’s needs and budget. Contact us now.
Whole Life vs Term Life Definition: Know the Difference
There are two main types of life insurance: term life and permanent life, with whole life being a popular type of permanent insurance. By navigating the nuances of whole life vs term life, you’ll be…Read More
