Whole Life Insurance Quotes Make It Simpler to Invest in Financial Security

Whole Life Insurance Quotes Make It Simpler to Invest in Financial Security

Can you say that your finances are in order if you die tomorrow? It’s a morbid thought that many constantly have in the back of their mind… or should. Financial security is a blessing for Stanwood families after a loved one passes. This is where American Insure-All® comes in with a wide range of whole life insurance quotes so that you can plan for your loved ones’ financial cushion in the event of your death. Many people pass away unexpectedly – therefore, it’s important to get a jump on long-term whole-life insurance to “expect the unexpected.” You don’t want your family to worry about the remainder of your bills or funeral costs while they grieve; whole life insurance covers those final expenses. Often with a bit of leftover.

While there are several life insurance options, whole life insurance is exactly what it sounds like. For as long as you pay your premiums, you have life insurance for your whole life. There’s a base of coverage from the beginning of the life insurance policy. As you pour money into your premiums over time, a cash value component accrues in case of emergencies.

What is a Cash Value Component for Whole Life Insurance?

As you pay on your whole life insurance, a fraction of your premiums flow into a cash value component. Think of this as an emergency fund for you or your loved ones. Cash values are deferred to beneficiaries in the event of a policyholder’s death. Still, the policyholder can also cash out the coverage for a lump sum if they need it while alive. It’s a kind of savings program separate from whole-life insurance coverage.

You can learn more about finding the best whole life insurance quotes in Stanwood by calling American Insure-All® at (888) 411-2886.