Permanent life insurance offers security

Permanent life insurance, also known as whole life insurance, is a type of insurance policy that provides coverage for the entirety of the policyholder's life. Unlike term life insurance, which only provides coverage for a specific period of time, permanent life insurance offers lifelong protection and can also build cash value over time.

One of the main benefits of permanent life insurance is that it can provide financial security for your loved ones in the event of your death. The policy pays out a death benefit to your beneficiary, which can be used to cover funeral expenses, outstanding debts, and other financial obligations.

In addition to the death benefit, permanent life insurance policies also offer a savings component known as the cash value.

This portion of the policy accrues over time and can be accessed by the policyholder while they are still alive. Some policyholders use the cash value to supplement their retirement income or as a source of emergency funds.

There are several types of permanent life insurance, including Participating Life, and Universal Life. Each type has its own set of features and benefits, and it's important to carefully consider your options before choosing a policy.

Overall, permanent life insurance can be a valuable tool for providing financial security for you and your loved ones. If you're considering a permanent life insurance policy, it may be helpful to work with a financial advisor to determine the best plan for your needs.

Don't wait any longer to get the financial guidance you need. Book an appointment with Griffin Financial now.