Whole life insurance can have living benefits which allow you to accelerate (use) a portion of the death benefit while you are still living for things like Cancer, stroke, and heart attack. These policies are not limited to those three illnesses and cover for as many as 16 others depending upon the insurance carrier. This gives you the ability to take care of things such as medical bills, mortgage payments etc.
Whole life insurance plans are known for their strong guarantees choosing the right plan is a crucial step to making sure your family is secure. Contact us for further information.
Some common uses are final expenses, parents of special needs children, Guarantee a legacy, Estate Planning, and others. Speaking to a licensed experienced rep from Edward Financial Group will help you determine which plan is suited for your needs.
Whole Life insurance is a level premium for the entire payment period of the policy. As mentioned above this policy can have a end payment date for example of 10 or 20 years and at the end of the payment period the policy is owned.
Insurance companies look at different health issues through different lenses. Some companies may rate (Make if more expensive) for health a particular health issue where another company will not. EFG is able to get a policy in the event of any health issue. Using an experienced insurance agency such as EFG will help you get the best value for your dollars.
Whole life plans come in a vast variety, this includes single premium whole life policies, Policies with a set paid-off date, Policies with dividend options that can add to the face amount, earn a separate interest rate, or even send the cashback.