Whole life insurance quotes near Auburn are mere clicks away at American Insure-All®, where we offer a variety of insurance policies. Aside from life insurances, we also offer automotive, commercial, and recreational toys (like RVs). Whole life insurance is a kind of permanent life insurance that a policyholder has until their death, as long as premiums are paid every month (or sometimes every six months) on time.
Death is often considered taboo in topics, but it’s not morbid to plan for an inevitable but an unpredictable fact of life. Whole life insurance can help you expect the unexpected with your beneficiaries’ expenses and financial payouts after your death. It could be tomorrow, or it could be decades from now, but your loved ones will be safe and financially secure for the short term due to your policy.
The average whole life insurance policy can last up to 120 years old (since it’s documented that most humans don’t live past that age). Life insurance policies cover all of the bases. Usually, there are one to three beneficiaries, and your payout will be split into the specified percentages among them.
Can You Withdraw or Borrow Money from Your Life Insurance Policy?
Depending on the policy, you can withdraw a limited amount of money from your life insurance policy after a specified number of premiums are paid. However, the amount is deducted from the final payout of your whole life insurance policy unless you pay it back whenever possible.
What Happens if Payment Lapses on a Life Insurance Policy?
One lapse in payment is understandable and often forgivable if you get back on track with the next payment. However, too many lapses in insurance premium payments will result in the termination of your policy without the return of what you’ve already paid in premiums.
For More Info:
Our aim at American Insure-All® is to ensure you have the optimum choice of whole life insurance quotes near Auburn. We are happy to gather information for you, then offer you a selection of policies that fit your needs. You can call us at (888) 411-AUTO (2886) for more information!