Have you been considering your options for permanent life insurance quotes in Marysville to get the best deal for your policy? American Insure-All® is here to help you. Our team is dedicated to bringing you the best terms for your insurance needs, so in the event of a loss, your family is taken care of properly.
While all permanent life insurance policies are designed to be kept for the remainder of your life, there are different types of permanent life insurance policies to learn about. If you’re planning a policy, consider these common forms of permanent life insurance:
Whole life insurance
This is the most common type of permanent life insurance, and typically, the premiums and death benefits stay fixed for the duration of the policy. Whole life policies have a guaranteed rate of return, meaning the cash value of a whole life policy is guaranteed to earn a minimum amount of Interest. Some whole life policies can also pay out dividends, which can reduce premiums, or you can receive them as cash and leave them to or leave them to accumulate interest.
Universal life insurance
This type of insurance offers more flexibility than whole life insurance. For example, a universal policy can let you increase your death benefit or reduce monthly premiums if you accumulate sufficient cash value for your plan. However, if you use up the cash value by applying it to premiums, your policy can lapse.
Variable universal life insurance
This type of policy usually includes a variety of investment options to help increase your cash value. This investment can also reduce the policy’s cash value, and subsequently, the death benefit if you’re not careful. Variable universal life policies tend to offer adjustable premiums and death benefits.
Indexed universal life insurance
This type of life insurance comes with no fixed interest rate on your cash value, which can mean more significant gains or losses from your Investments depending on how you handle the policy. However, most indexed universal life policies also include a minimum interest rate guarantee
If you need permanent life insurance quotes in Marysville to get the most out of your life insurance policy, American Insure-All® is here to help you get the best deal with the best benefits at an affordable price. For more information about our services, or to get a quote for your permanent life insurance policy, give our team a call today at (888) 411-AUTO.