Whole life insurance
Whole life insurance offers guaranteed level premiums and coverage for as long as you live, provided that premiums are paid as required to keep the policy in force. Whole life policies also allow for the accumulation of cash value on a tax-deferred basis, which can be used when you need it.
Guaranteed death benefit
Level premiums
May help provide for your family’s loss of income, mortgage costs, and educational needs
Gives you access to cash value for life’s opportunities
Enables you to leave a financial legacy for the next generation
Non-guaranteed dividends can help increase the cash value and death benefit provided by the policy
There are pros and cons for every type of life insurance plan. A licensed insurance agent with HealthMarkets can be a valuable resource to help you determine which policy type is best suited for your family’s needs and budget. Contact us now.
Life insurance resources
Life insurance for seniors: 4 smart ways to help your family
Does life insurance for seniors make sense? Getting the right plan in place can make a big difference when you die.