What is Permanent Life Insurance?
This life insurance contract is designed to outlive you. Meaning, the effective period is your current age to age 121 or 125, depending on the contract. Try out living that!
These are the different types of permanent life insurance programs: Whole Life, Universal Life and Index Universal Life.
Most permanent contracts are stemmed from these types of programs. Unlike term insurance, many permanent contracts offers attractive living benefits that may help supplement your long term savings strategy. Sit down or web conference with one of our representatives and learn about these permanent insurance programs. You may be wondering, how do I know whether a term or permanent life insurance fits me best?
If you answer YES to any of the following questions, you may consider looking into permanent life insurance coverage.
- Are you age 55 or older?
- Do you expect to transfer a great amount of asset to heirs upon your death?
- Do you expect to have a dependent spouse or a dependent child post retirement?
- Is there likelihood that you will have major debts post retirement?