Products & Services

Permanent Life Insurance

Permanent insurance has two benefits. First it will provide you with a lifetime* of protection, and secondly it accumulates a cash value on a tax-deferred basis. The cash value of permanent insurance builds over time, which will accumulate tax-deferred, and can be used for any future purpose. You can borrow from the cash value to help in purchasing a home, pay for a child’s education or to supplement retirement income. Money borrowed against the policy can be repaid at interest rates that are typically lower than most bank loans and loans are processed without the need for credit checks or have other restrictions.

*As long as you continue to pay your premiums the policy will remain in force.  At some point you may be able to stop paying premiums and use the accumulated cash value to continue your coverage for a specified time period.

Different Types of Permanent Life Insurance Include:

  • Whole Life or Ordinary Life
  • Variable Life
  • Universal Life
  • Variable Universal Life

A decision on which type of insurance depends on a variety of factors including your age, marital status, number or dependents and your health. An experienced life insurance agent will be able to determine which type of like insurance will work best to meet your financial planning needs. Call us today to schedule a time to discuss your life insurance and retirement planning needs.

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