Permanent Life Insurance

There are two big ways that permanent life insurance is different from term life insurance. First, the policy is meant to last the rest of your life (assuming you make the required premium payments, of course). Second, part of the money you pay into your permanent life insurance policy is set aside in an account where it can grow cash value that you can use in the future. There are several types of permanent life insurance, each with different advantages. Contact us to make an appointment with our financial representative discuss the options available to you.

Who purchases permanent life insurance?

Did you know that many parents and grandparents purchase life insurance for their children because it ensures that they will have life insurance for their future—here's why: If a child develops a disease, such as diabetes, during their youth they will be hard pressed to get life insurance when they are older and if they do, it will be expensive.

To avoid this possibility you can buy life insurance while the children are young and healthy. This ensures that the child will always have coverage (as long as the premiums are paid) and it will build an investment that the child can later draw from if needed—and the premiums are extremely inexpensive. This is a great investment for a child's future.