When you get the ProgressiveAdvantage® (by Efinancial) permanent life insurance, your family will get the expense (called death benefits) even if your life is over 100. It is true as long as you continue to pay.
What is permanent life insurance when it is best
For permanent and lifetime life insurance, you do not have to choose a policy term or an end date. As long as you continue to pay, the policy will continue throughout the validity period.
Specific situation: If you want to last a period of insurance and establish a cash value, the permanent life insurance is right for you. In addition, if you want to leave a legacy to your family, make sure to give money to your child or even grandson, then permanent life insurance may be right for you.
Specific situation: If you want to last a period of insurance and establish a cash value, the permanent life insurance is right for you. In addition, if you want to leave a legacy to your family, make sure to give money to your child or even grandson, then permanent life insurance may be right for you.
Permanent life insurance details
. Coverage will keep your entire life cycle
. Suitable for 18-85 years old
. Coverage requires physical examination
. Policy to establish cash value
. Benefiting from $ 50,000 to $ 1 million
. Suitable for 18-85 years old
. Coverage requires physical examination
. Policy to establish cash value
. Benefiting from $ 50,000 to $ 1 million
VAT deferred cash value life insurance
Permanent life insurance is a kind of cash value life insurance. This means that part of the premium you pay is credited to the "cash value" subaccount. Then you can invest and increase the tax postponement (similar to the traditional 401k). As your cash value grows, you can even use cash value to pay for your premium.
This can eventually be built as a zero-cost policy in which all premiums can be paid from established cash values while still maintaining the same amount of payment (death gains). Just pay attention to this benefit. Please call us when you think you are ready for a policy that is likely to become a zero cost policy.
Two types of permanent life insurance
Both types offer cash value benefits
Life insurance
You pay the same premium for the life of your policy, and your payment amount remains the same.
Universal life insurance
This is a more flexible option that allows you to change your premium payments and your payment amount (death benefits) as your life or demand changes. You also have a more flexible investment to choose your cash value, but you will not get a fixed rate of return.
