Why Could Permanent Life Insurance Be Right For Me?
Permanent Life Insurance generally costs more than term insurance, but it also has many advantages over term. Term insurance lasts only for a specific time period and is paid to your beneficiary(ies) when you are gone. If the time period expires before you do, the money you have paid is lost.
There are many terrific permanent products available with benefits term does not offer. Depending on the policy:
- It can generate income
- You can sell or revoke the policy to recoup your invested money
- It can be used as an investment vehicle to grow your investment, and some types event prevent losses if the market drops
- It can be used as an estate planning tool
- And many other benefits
Contact lifecoveragequote.com for information on permanent life insurance policies.