Whole Life Insurance
Do you want to provide your family with financial security for your entire life? Would you, at the same time, like to earn extra income which you could use to grow your retirement nest egg? This may sound too good to be true. But it’s not. Whole life insurance provides both benefits, and First Senior Financial Group can educate you on these policies.
What is Whole Life Insurance?
Whole life insurance provides financial security for your loved ones, just like other life insurance products. But whole life insurance also offers much more. Policies last for the entire duration of your life, as long as the required premiums are made. Also, whole life insurance has “cash value” – or money on the policy you can access as you see fit. The income it generates goes into a savings component of your plan, which you can use any way you want.
Benefits of Whole Life Insurance
Whole life insurance offers many benefits:
- Lifetime Protection – Whole life insurance offers protection for the entire lifetime of the policyholder, as long as premiums are paid.
- Cash Value – Whole life insurance policies also act as an investment tool. Whole life insurance policies generate income which a policyholder can use as he or she sees fit – including as part of a retirement package.
- Steady Premiums – Premium payments usually stay the same in a whole life insurance policy, no matter if they’re paid monthly or annually.
Whole life insurance offers policyholders the security life insurance traditionally provides, but for an entire lifetime. It also gives customers an opportunity to earn income on the policy to put to good use during their retirement years. First Senior Financial Group’s experts are here to educate you on the benefits of whole life insurance. Contact us for a free consultation today.