Unfortunately, too many rely solely on employer-sponsored plans, and overlook that there will be no benefit is they quit, retire, are let go or unable to work. Moreover, here are the big-time benefits of a whole life insurance policy that they are missing:
- Withdraw the entire cash value of the policy with no penalties
- Borrow up to 95% of the entire face value of the policy at less than 8%**
- Best soaring inflation with a partial market investment to capture growth
Besides missing out on these benefits, with less than a quarter of the population are free of all debt, so it is important to carry consistent life coverage. Otherwise, this can negatively impact one’s estate.
Schedule a call with our Life Insurance department manager to learn more, get a FREE quote and $10 gift card to celebrate Life Insurance Awareness Month here: http://calendly.com/kelly-fig1
**District of Columbia specific; borrowing rates specific to state.