Protect Your Family with Whole Life Insurance CoverageAre you looking for a life insurance policy that is guaranteed to protect your family financially when you die? Then whole life insurance is the best option for you. This permanent life insurance covers you for the duration of your life, ensuring financial security for your loved ones.
Also called permanent life insurance, whole life insurance covers you regardless of age as long as your premiums are paid on time. It is the most secure and financially beneficial type of life insurance available. For more information on whole life policies, give us a call to explore your options.
What Are the Benefits of Whole Life Insurance?The benefits of choosing whole life insurance include:
Fixed Premiums and Death Benefits
With whole life insurance, your premiums are fixed. Regardless of market conditions and your age, they will never go up. As long as you pay on time, your rates are locked in. Your death benefit also remains the same throughout the entire duration of your policy.
Fixed premiums and death benefits mean you won't need to worry about premiums rising as you get older. Your loved ones will also know what to expect with your payout when you pass away. You’ll also have peace of mind that your family is protected.
Whole life insurance offers a cash value savings component. This can serve as a source of emergency funds if something goes wrong or if you need to borrow money.
As cash value builds, you can withdraw funds or take out a loan against your policy. The rules of when and how you can withdraw from your cash value depend on your individual policy. Talk to your insurance broker for more information on how to tap into your cash value without reducing your death benefit or creating a tax burden.
How Much Does Whole Life Insurance Cost?Whole life insurance policy rates vary based on several factors, including how much coverage you choose. Many companies offer the option to pay monthly, quarterly, bi-annually, or annually. Keep in mind that the more frequently you pay, the higher the rates.
At Life Insurance by Monique Navarro, we offer the most competitive rates in the local industry. As an independent life insurance broker, we can shop around to get you the best rates. Also, Monique Navarro is a field underwriter, meaning you get accurate quotes without going through a third-party underwriter. We use companies that are most likely to medically approve individuals with an existing health condition.
Contact us to schedule a free consultation for more information on rates and coverage options.
Who Should Consider Whole Life Insurance?Most individuals don’t want to think about end-of-life plans. However, investing in a policy is vital for your financial security. Whether starting out or nearing retirement, securing your life insurance coverage is always a good idea.
Whole life insurance is an excellent option for young adults. As you plan for your financial future, secure your career, and start a family, your policy ensures you and your loved ones are protected when you die.
When you open your policy, the younger you are, the better the rates. In fact, many people start a whole life insurance plan for their children when they are born. It’s a great way to save money for your children and provide their future family stability.
If you’re considering a whole life insurance policy, it’s time to talk to our broker. We’ll help review your options and give you the confidence to choose a policy that works best for you and your family. Contact us today to get started!
Why Trust Life Insurance by Monique Navarro to Secure Your Financial Future?Our clients get several benefits at Life Insurance by Monique Navarro. Our independent broker works with insurance companies to secure the best rates for your coverage. All of our policies come with living benefits. This offers funds you can use if you become terminally ill or injured.
Cash value savings can be used to pay your debt, bills, college tuition, and more. Our permanent insurance policies don’t change over, allowing you to keep them until you pass on. Some companies will continue coverage until 95-years-old, and some offering coverage until the age of 121.
Contact us today to get the best rates and coverage options for your whole life insurance policy.