06/03/2022
You have 2 choices for LIFE INSURANCE.
There’s term Insurance like term 10 years 20-30.
Term insurance is temporary insurance.
It serves its purpose, then expires.
At the end of its term, when it comes up for renewal you can renew it or let it terminate.
It has no cash to give back.
The premium goes up 3 x times higher because you’re 3 times older.
Or
There’s PERMANENT INSURANCE; such as whole life, universal life, or Term 100.
Permanent insurance does not expire or come up for renewal like term does and the monthly premium never changes.
Whole life is like a banking system all in itself.
Like a bank, your policy has the ability to give you a loan,
provide you with immediate cash,
has increasing life insurance, it is a tax shelter and provides tax strategies like to help corporations move money from retained earnings into your pocket without paying corporate tax.
There are two types of whole life too.
There’s participating whole life and non-participating whole life and this is where I say; book an appointment below and let me explain it how it can help you to.
Whole life can build up and protect your existing wealth and income and create new wealth for your family in the event of your death for multiple generations to come if you choose.
You can do personal life or corporate whole life for your company, either way  as the owner and the insured you choose the beneficiaries which you may put as revocable or irrevocable. it grows, changes and adapts with you , your life and your business needs.
