Your family depends on you. If you were suddenly taken from them, would their financial needs still be met? Life insurance can help you prepare for unexpected events. It can provide your family financial protection to help pay off a mortgage,credit card balances, education and auto loans as well as other debts. Hi, my name is Phillip.
And today I am going to bring you a gadget mechanics repair tip of the week.v… The choices include Term, Universal and Whole Life insurance. In this article, we’ll take a look at Whole Life insurance. Whole Life Insurance is just that. A permanent policy that remains in effect for really…your whole life. All you do is make sure your premiums are paidand the protection will be there for you. One of the great advantages to a whole life policy is that Hi I’m Hannah and this is Heather and were from Sticks and Stones Design Group. We work together with Ryk… your premium payment is guaranteed to remain the same throughout the payment period youselect.
With Whole Life Insurance your premiums never go up. No surprises there. This policy also builds cash value and can pay its policy owner yearly dividends. Although they are not guaranteed, dividends can be used to purchaseadditional coverage or reduce premiums, left to accumulate or paid out in cash to you -the policy owner. Neat stuff. Over time your premium payments to a Whole Life policy build equity in the policy. This accumulated cash value is there for you in times of need.
You can take out a loan against your cash value. Talk to your agent…and he or she will be able to walk you through the steps to taking out a loan. Your agent will also be able to discuss the pluses and minuses of this type of loan. Know what else is neat? Cash values accumulate tax deferred. Check with your agent to get the specifics on this benefit. Whole Life policies are great for individuals who want a simple andconvenient way to protect their family’s financial future.
The fixed premium of this permanent life insurance policy can be a benefitwhen working with family budgets. And remember, the general rule, the younger you start your life insurance policy…the less expensive it will be. Start today to protect your tomorrow. American Family Life Insurance CompanyHome Office – Madison, WI