Whole life insurance: the facts about permanent coverage

If you're looking for a way to provide your family financial assistance when you are no longer with them, 终身亚博真人官方版APP下载, also known as "permanent life insurance," may be a good place to start.

What is 终身亚博真人官方版APP下载?

Whole life insurance is defined by the following three factors.

1. It can provide coverage that can last your entire life and doesn't require renewal as long as you make regular payments, 所谓的“高级."

2. The premiums you pay for the policy can give you access to cash value while you're living.*

3. Typically, premiums never increase.

These features make 终身亚博真人官方版APP下载 different from 定期亚博真人官方版APP下载.

Why should I buy 终身亚博真人官方版APP下载?

如果你超过50岁, you may choose to buy 终身亚博真人官方版APP下载 because it can last for life and premiums won't increase with age. Or if you have an expiring term policy, you may want to convert it to a whole life policy to help ensure you maintain coverage. Whatever your reasons, explore your options by gathering and comparing 终身亚博真人官方版APP下载 quotes.

But isn’t 终身亚博真人官方版APP下载 too expensive for anyone over 50?

With life expectancies rising and insurers competing for your business, 终身亚博真人官方版APP下载 rates may be 更便宜 你可能想不到. You may be surprised at what you can put in place to help make your family's future more secure. In any case, it costs you nothing to find out. Keep in mind that rates for whole life coverage are usually based on the age you are when you secure it, so the younger you are when you apply, 你的利率可能就越低.

Is 终身亚博真人官方版APP下载 hard to get?

Although some whole life policies require in-depth underwriting, others don't require any medical exam or blood work. In fact, the application process for no medical exam life insurance 可以非常简单. You generally just provide some basic health information and answer a few questions.

Many insurance companies offer free online quotes and the option to apply online or directly by mail in just a few minutes. If you decide that 终身亚博真人官方版APP下载 is right for you, do your research and select a stable company with strong financial strength ratings that you can count on in the future.

This article is provided by 纽约 亚博真人官方版APP下载 Company for informational purposes only. This article is not intended to provide tax, legal, financial, or accounting advice. Please consult your own professional for advice specific to your circumstances.

*Cash value is accessed via policy loans which accrue interest and reduce the cash 价值及死亡抚恤金.