Death is an inevitable fact of life. One that no one wants to talk about. However, when it comes to the financial security of your loved ones after your death, it’s a topic worth going over with a financial advisor and insurance provider like American Insure-All®, a whole life insurance company near Stanwood. We offer various life insurance policies, but whole life insurance is the only one that provides lifelong coverage for decades.
Also known as permanent life insurance, whole life insurance is customizable because no two people have the exact needs. Typically, the people who invest in whole life insurance have 10, 20, or 30 years left on their life, or even longer, so a death benefit builds for added financial security. This means that beneficiaries receive more financial cushion at the time of the holder’s death, granting further peace of mind to help loved ones avoid financial burdens.
No one knows precisely when they will die, so a payout from whole life insurance helps to clear unpaid bills and other everyday expenses when someone passes away. Unfortunately, most bills don’t disappear when someone passes away; many are left to a descendant’s family. Whole life insurance ensures that beneficiaries have plenty of money to put toward unpaid expenses, plus some.
Whole Life Insurance is Planning for the Future
It’s difficult to expect the unexpected, but that’s what the whole life insurance strives to do. It’s planning for the future of your loved ones, ensuring that they are well taken care of after you pass. Think of it as a valuable addition to your financial strategy. Discuss your insurance options with one of our insurance professionals for more information.