With so many types of life insurance policies to choose from, you need to look for one that can generate cash value quickly and efficiently. Whole and universal policies are the only types of insurance policies that will produce a cash value account that can be used by the owner of the policy. A cash value account is set aside from the actual death benefit. The money put into the account is often used for investments and can raise the overall value of a policy over a long period. The policy owner also has the option to tap into the […]
A quick guide to universal life insurance in Westlake Village, CA.
If you’ve done some research on life insurance, you’ve probably come across two type: whole (also known as permanent) and term. Term is more affordable, but expires once the term is up. Whole lasts your lifetime and builds cash value.
Those aren’t your only life insurance options, though! There is a third type of coverage, called universal life insurance, that could be the best fit for protecting your loved ones.
With universal, you pay monthly premiums. Any money you pay that’s […]