Permanent Life Insurance

Permanent life insurance is the most secure way to ensure your family’s financial stability in the event of your passing. This type of policy offers a number of advantages and provides coverage for the entirety of your life, so you’ll never have to worry about leaving behind financial hardship at the time of your death. All you’ll leave is the memories of times that you and your family cherished together.

 

What Is Permanent Life Insurance?

Permanent life insurance is unlike term life insurance in that your coverage does not expire after a predetermined time period. From the time of purchase, you are covered for the rest of your life. This affords the buyer peace of mind that they will not need to purchase another life insurance plan after this plan expires, because it doesn’t. With permanent life insurance, you can enjoy your life instead of repeatedly worrying about life insurance policies.

 

Is Permanent Life Insurance Right For You?

There are many benefits to choosing permanent life insurance. Besides only needing to purchase a life insurance plan once with this type of policy, permanent life insurance makes certain that your premium rates will never increase. Whatever you agree to at the outset of your insurance policy is what you’ll pay for the rest of your life. In addition, permanent life insurance plans can accumulate cash value from premiums paid. You can then withdraw or take out a loan against this value. Loans that are repaid to permanent life insurance plans typically have much lower interest rates than loans borrowed from financial institutions. Permanent life insurance benefits are also tax-free. Any amount withdrawn, up to the value of your premiums, is not considered taxable income. This means even more cash is available for your beneficiaries.

A permanent life insurance plan might be right for you if you are purchasing life insurance for the first time, and want the most comprehensive policy. Premiums are typically higher with this type of policy, but the price is worth it for the advantages you’ll receive. Permanent life insurance offers longevity of peace of mind, and accumulated cash values can be used to help pay for your children’s education or their first homes, without needing to claim that money as taxable income. Offer your family the most support and stability with a permanent life insurance plan.

 

Get A Permanent Life Insurance Quote

For a free, no obligations permanent life insurance quote, simply use our online quote calculator. Or, for more personalized service, contact one of our insurance brokers. They are only a phone call away, and support is available 24 hours a day, 7 days a week. Lifetime Insurance is committed to putting you first.

What Our Clients Say

Great job guys! Professional team that cares! Best life insurance brokers!!!

Brad BukovskyManager

Excellent service, prompt advise about my life insurance needs... very good experience !!!

John HollandManager
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