Permanent Life Insurance is, for the lack of a better word, a more permanent solution than term insurance.
Benefits of a Permanent Plan
- Level Price for life*
- Coverage stays in place until death, no matter what age
- Universal life and Whole life have two components consisting of insurance and investments
* Most companies offer a form of universal life Insurance for which the price increases annually. This product is only appropriate in certain specialized circumstances.
Should I Buy Permanent Insurance?
If you looking for any of the following items, you may be best suited for a permanent life insurance policy.
- Coverage which will last for a lifetime
- Estate creation, conservation, maximization or equalization
- Part of an insured annuity or pension maximization
- Providing an endowment to a charity
- Any permanent need.
Three Types of permanent Insurance
- T-100 – without cash value
- Universal life – with cash values
- Whole life – with cash values
Considering permanent insurance? Tell us about your circumstances and one of our representatives can offer some advice. Give us a call or fill in the form on the bottom.