Guaranteed Universal Life insurance has fixed premiums for a specified time frame or an entire lifetime. The specified time frames can have guaranteed death benefits to age 90, 95, 100, 115, 121 or any date in between. Guaranteed Universal life although it can build cash value is designed to keep the premiums level not for withdrawal. This coverage is the least expensive permanent insurance option.
Whole Life insurance will provide:
With carriers it is possible to receive all your premiums back that you have put into the coverage at certain intervals. For example 15 years, 20 years etc.
These policy can be equipped with living benefits that will allow you to accelerate the death benefit while your still living if you suffer from a chronic or critical illness. Common critical illnesses are stroke, heart attack and cancer.
If you have any questions about this product of other services provided by Edward Financial Group please don't hesitate to click the quote button or call us now! Your family can no longer wait to be protected!