Permanent Life Insurance

Life Insurance

Permanent Life Insurance

Permanent Life Insurance

Permanent Life Insurance coverage offers more than one specific type of policy. A person can chose between Universal Life, Variable Universal Life and Traditional or Whole Life insurance. Permanent life insurance coverage is traditionally used to cover a person’s lifetime, although a Universal Life policy allows for customized structuring. As long as premiums are paid in a timely fashion, a benefit will be paid to the beneficiary upon the Primary Insured’s death. Since permanent life insurance traditionally lasts a person’s full lifetime, the cost of coverage is much higher than Term life insurance. The idea behind having Permanent life insurance is that it will extend for your full life time.

Benefits of Permanent Life Insurance

Can offer a guaranteed level premium and death benefit for as long as you would like to maintain.

In the long run, Permanent Life insurance is more cost efficient than purchasing Term insurance and converting it to Permanent coverage at a later time.

Some types of Permanent life insurance offer tax-deferred growth and tax-free withdrawals of cash value.

Helps create liquid assets at death which can be used for paying: final expenses, estate tax liabilities, outstanding debt, legacies, charitable contributions, etc.

For additional information on Permanent Life insurance, call 1–800–817–4522 or request a Life insurance quote.

Life Insurance

Permanent Life Insurance

Learning Center