Whole Life Insurance.
Whole life insurance is permanent insurance that provides a guaranteed death benefit as well as guaranteed cash value accumulation. Whole life premiums are guaranteed level for your lifetime.
If you are buying life insurance for a temporary need, whole life may not be your best choice. For example, if you want to cover 15 year home loan, term insurance might be a better fit to protect your family.
But whole life is ideal to provide money for final expenses or estate settlement costs. Lifetime insurance for lifetime needs.
Most whole life policies have optional premium schedules. Typical payment plans are:
- Lifetime pay
- Pay to age 65
- Pay for 20 years
- Pay for 10 years
- Single premium payment
Generally the cash value grows on a tax-deferred basis.
The cash value can be accessed by policy loan for emergencies or opportunities. If you do make a policy loan, you will be charged interest on the loan. And of course the death benefit and cash value are reduced by any policy loan.
Before you buy life insurance, decide how much life insurance you need and how long you need it. Then shop for the right kind of life insurance from a secure company. Your insurance professional can help steer you in the proper direction.
Whole Life Insurance Quotes
No Medical Exam
Call (800) 882-5009 for assistance.
Anderson & Associates
222 S 5th
P.O. Box 353
Seward NE 68434
Phone: (402) 643-6140
Toll Free: (800) 882-5009
Fax: (888) 770-3098
Nebraska Agent License #2896601
Missouri Agent License #8371661