Whole Life Isnt Your Average Life Insurance Policy
Why is it that if you want to protect yourself and your loved ones in the event of an accident, injury, illness or even death that you have to purchase multiple types of insurance? You need car insurance to cover property damage in the event of a car accident. You need health insurance to help pay for medical expenses. You need life insurance to provide your loved ones with financial stability in the event of your death, and you need liability coverage to protect yourself from legal claims. After you purchase all those policies, you barely have enough left over to put in your savings account. Fortunately, there is a way to save and protect yourself from all of the lifes curveballs: life insurance for the whole family.
A Whole Life insurance policy is what it sounds like: insurance for your whole life. Not only can a Whole Life policy provide your heirs with financial stability in the event of your untimely death, but also, it can be used at any point throughout your life for major expenses and setbacks. If you are laid off, you can count on your Whole Life policy to fund your expenses until you get back on your feet. If you need help covering your mortgage payments, you can surrender your policy for the full cash value of it. If you want your child to go to college but you cannot afford tuition payments, you can use your Whole Life coverage to fund their education.
Whole Life isn’t your normal life insurance policy its life insurance for the whole family.