- Starting Out In Life
You are in you 20's and just recently got married. You, naturally, want to buy a house. You are fortunate that you can. You intend to have children. A
permanent life insurance
policy can be used to provide for your wife and children in the event of premature death. It can be used to pay off any mortgage balance you have on your home. These alone are great reasons to get a permanent life insurance quote...
Your children get to college age and you need to put your hands on some quick cash to help them with tuition or living expenses while they are in school. You can get that from the
cash values
of a permanent life insurance policy. There again is another good reason to look at a permanent life insurance quote.
- What Should Be The Good Years
You had two children, a boy and a girl. You were very fortunate. No family member had any serious illness. Your children were quite normal. They involved themselves in the usual sports activities that most children participate in. Your daughter wanted to play the piano and take dancing lessons. You provided these things for them and put them through college. They are now on their own and you are looking forward to
retirement.
You will receive your pension as well as a Social Security check. You and your wife can live pretty comfortably.
One day you find that you need a little extra cash. You can get that from your permanent life insurance policy. You get to the age where you are even more concerned about death. What would happen to your spouse if you should die? Would her pension be sufficient to live on. If not, that permanent life insurance policy will provide sufficient cash or income for her...after
burial costs
are paid.
If during retirement you find that you no longer have a need for life insurance you can cash in the policy.
- Types Of Permanent Life Insurance
The
whole life policy
was the original permanent life insurance policy. You can get a participating or a non-participating policy...a participating policy pays a
dividend
if the company performs well. You can buy a
variable universal life insurance
policy or a
variable life insurance
policy. Here a portion of your premium is invested in mutual funds or stocks. They all pay a death benefit.
Take a look at 
