What Is Whole Life
Whole life insurance is a type of permanent life insurance coverage designed to provide protection for your family by locking in benefits that can help pay for end-of-life expenses, as well as cash value that can be accessed in an emergency.
8 Reasons to Consider Whole Life Insurance.
- Coverage ranging from a few thousand to a few million.
- Creates cash value after a certain period.
- Cash accumulation can be used in case of emergeny while you are living.
- If you are the main or secondary financial provider in your household.
- If you have dependants.
- Can be used by beneficiaries to pay of mortgage so your loved ones can keep your your home.
- Can be used by beneficiaries to cover final expenses.
- Can be used by beneficiaries to settle your healthcare.
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