A Conversation About Whole Life Insurance

In my Insurance Practice I have had conversations with many clients about

what’s most important to them as they plan for the future. Many of them land on

Financial Stability or Financial Well Being as the goal. This is a good thing !.

A review of the financial plans tends to include some form of Retirement Savings, for example a

401k or 403b plan, a Regular Savings account and or Investment Account, for example, Mutual Funds or Stocks. However, few include Life Insurance specifically Whole Life Insurance, which I consider the third leg of a 3-legged stool.

So, let’s talk about it.

Whole Life Insurance offers great benefits that are worth considering for your Financial Security.

Think of it as a way to protect your loved ones while also creating a safety net for yourself. Imagine 

having coverage for your entire life – with no worries about renewing or reapplying for insurance as you get older.

And what about the Cost?  Whole Life Insurance offers a guaranteed Premium that is determined by your Age and Health and will never change throughout the life of the policy.

 Additionally, a portion of the premium builds up as cash value over time. The cash value can be used as extra cash during emergencies, or for future plans like a child’s wedding, or a downpayment on a home or even to supplement your Retirement Income. Best of all these funds can be accessed Tax Free. How appealing is it to have this kind of financial cushion?

And when the time comes, your loved ones will receive a guaranteed lump sum payment which can help cover various expenses like funeral costs, debts, or mortgage payments. All of which equates to PEACE OF MIND – for you and your family.

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