Life Happens – Be Prepared – Part 3 of a 12 part series
Posted by Dimmitt Insurance on
Permanent Insurance: It’s an Investment in Protecting Your Family
Life is unpredictable, and that’s exciting most of the time. There’s much to enjoy about it – from creating a successful career, building a family one child at a time, to creating goals and dreams for yourself and your loved ones. You don’t want anything to come in the way of this. That’s why permanent life insurance is so valuable and effective. It’s a cost-effective, long-term solution that not only gives you the ability to provide financial protection for your family, but it gives you investment power, too.
How Can Permanent Life Insurance Help You Build Wealth?
Permanent life insurance is an investment you make into a policy that remains long term. It stays in place as long as you make payments on it. During that timeframe, it builds value. And, if the market does well, you could see your investment grow in value. Here’s how permanent life insurance works:
You establish your account. You may be able to choose some of the underlying securities invested in by the insurer.
You make your premium payments towards your policy. This ensures your death benefit – the amount paid to your loved ones if you die – is in place.
Some of the funds enter into an investment account. They can grow and build cash value depending on how the market performs.
You may be paid dividends on your policy (though some policies will funnel those funds back into investments for you).
You can even borrow from it. The cash value can help you get funds to buy a home or take a dream vacation.
The key factor to keep in mind is that permanent insurance works to provide you with an easy way to protect your family from financial loss. But, it works for you during your lifetime, too. As a result, you can see a sizable return on your investment.
Intrigued? Let’s talk about how permanent life insurance is helping others to build their portfolio. Call Dimmitt Insurance today to learn more about your policy options. As an independent insurance agent, we offer the permanent or whole life insurance you need. Call 866-763-6627 or use our online quote request form for a no-obligation quote.