Find out what makes it great with the top five benefits of the best whole life insurance coverage.
First, What is Whole Life Insurance?
Before we jump into the perks, let’s do a quick review of what whole life insurance is. In short, it is a form of insurance coverage that helps you protect your family in the event of your death. You may have also heard of term life and universal life, two additional life insurance options. The benefits of life insurance, in general, are numerous, not least of which is peace of mind that your loved ones will be taken care of. As for whole life insurance, in particular, advantages abound!
5 Benefits to Whole Life Insurance
Whole Life Insurance Never Expires
Whole life insurance is considered a “permanent insurance” – which means that it never goes away. As long as you pay your premiums, the coverage won’t expire. Term life insurance, on the other hand, only covers you during a certain period – or term – of time, such as 20 years. While this lowers the premium of term life plans, there are additional benefits of whole life insurance to consider.
Whole Life Insurance Offers Predictable Coverage
Thanks to the vast improvements in technology and increasing knowledge of healthy living in the last few decades, we are enjoying much longer lives than generations before us.
Because it’s permanent, whole life insurance stays with you no matter how long of a life you enjoy. You won’t have to stress about pinching as many pennies, whether or not you’ll have final expenses covered, or if you’ll have any assets to leave your family. Through all of life’s surprises, you and your loved ones will always have whole life insurance coverage to rely on.
Whole Life Insurance Skips the Medical Exam
When you apply for many types of life insurance plans, including some whole life policies, you are required to take an in-depth medical exam. They’ll check your weight, height, heart rate, and blood pressure. The results of these tests will determine whether or not you are approved for coverage, and how much that coverage will cost you. Some whole life insurance plans don’t require a medical exam, though. They’ll just ask you a few medical and lifestyle questions and you’ll be on your way.
The Benefit of Americo Senior Life
Our whole life insurance coverage comes with even more benefits when you choose Americo Senior Life. If you aren’t completely satisfied, you can cancel in the first 30 days and receive a full refund. With Americo, there’s also the benefit of experience. Learn more and get an online quote in minutes.