Permanent Life Insurance Quotes
The essential function of life insurance is to protect your family’s financial well-being in the event of your untimely demise. Life insurance is a delicate topic that many people delay making a decision on until the last possible moment.
InsuranceUSA.com strives to make the process of buying life insurance as pleasant and efficient as possible, helping you avoid mistakes by having a competent grasp on how life insurance functions. We think you should know as much as possible so you can make informed policy choices.
When shopping for a life insurance policy, you will quickly find there are many different policies from which to choose. Fortunately, InsuranceUSA.com is here to help you cut through the confusion with clear and concise information on various life insurance types and plans.
Permanent Life Insurance
With permanent life insurance, the policy remains in effect for the insured’s lifetime. A payout is administered at the policy’s end and it accrues cash value. Permanent life insurance offers an advantage over term-life, because it essentially acts as a savings account from which you can cash in the policy or borrow against it.
Compared to term, permanent life insurance is more expensive, because some of that money you’re paying in premiums goes into a savings account. As you pay into the policy, it earns interest, pays dividends or both. Premiums remain steady during the policy, as opposed to term policies, which increase.
Gains you make on the policy are tax-deferred until you cash the policy out. Once you die, the benefit is often paid tax-free to the beneficiary.
Request a Quote and Save!
When shopping for a life insurance policy, you will quickly find there are many from which to choose. Different insurance companies often offer rates that differ greatly and it pays to shop carefully for the lowest premiums, excellent customer service, and a strong financial reputation.
So what are you waiting for? InsuranceUSA.com is here to help you find the life insurance policy that best fits you and your personal situation while remaining affordable. Get started now and sleep well at night knowing your family and loved ones will be provided for, no matter what happens!