If you’re like most people, you think of life insurance as something that older people should buy. But the truth is, anyone can benefit from having protection against financial disaster. Modern Risk Management provides this guide for you to learn more about how whole life insurance works.
Whole Life Insurance FAQs
What is whole life insurance?
This is a policy designed to last for your entire lifetime. As long as you keep making payments, you’ll be covered.
Why would I want whole life insurance?
It is a great way to make sure that your dependents are taken care of financially if something happens to you. The premiums are usually higher than those for other types of life insurance policies, but the coverage is permanent.
How does whole life insurance work?
You’ll pay a set premium each month when you buy a whole life insurance policy. This premium will stay the same for the life of the policy. In addition, your policy will have a cash value that grows over time. Suppose something happens to you, and you have a whole life insurance policy. In that case, your beneficiaries will receive the policy’s cash value plus any death benefits that are owed to them.
Is whole life insurance right for me?
Everyone can benefit from having some form of life insurance, and whole life insurance is a great option for anyone who wants permanent coverage.
Get Whole Life Insurance in Houston, TX
Sometimes life can take unexpected turns, so it’s important to have a plan in place. This ensures that those you leave behind are taken care of financially. If you’re interested in whole life insurance, call Modern Risk Management in Houston, TX today. We’ll be happy to answer any of your questions and help you find the right policy for your needs.