Why Should I Purchase Permanent Insurance?

This question obviously goes beyond what type to buy! The mere tone and suggestion here, is that there is more at stake. The ONE scenario oftentimes quoted for those advocating for MORE PERMANENT INSURANCE type products, longer-term solutions and coverage, is the individual who has a beneficiary, like a special needs child or spouse, or one who would need coverage regardless of when they pass/die, they just do need it, no questions asked or qualms about it! Those are typically considered ideal situations where needs/requirements overrides and makes a clear case for purchasing permanent insurance type products.

For the most part you might have decided already, or your pocketbook and even the experts are yelling with even louder voices. There are numerous beneficial reasoning and rationale why and how a permanent life policy could actually be the better or best decision, right for you!

The first and foremost of which is that it does enact, enable and empower you to secure affordable and lifelong insurance protection. Regardless of aging, accidental death, unexpected turns and twists in life, the death benefit pays out to your beneficiaries, effective with immediacy, access and guarantee.

Saving, investment and growth is another great way of looking at why it would pay longer term to invest in this, even if is slightly more expensive upfront. Term insurance might not address all your needs and requirements, particularly in the medium to longer periods as you age and move beyond the later stages in life. Upon renewal of term insurance premiums can/do go up!

With this type of insurance the actual cash value (money available) is different from its face value amount (death benefit) Loan guarantees, savings features make it an attractive option for many.

ACCESS: Cash withdrawals, emergency capital, unexpected expenses
AGILITY: Adjustable, flexible premiums without risking losing coverage all-together
NO RISE/RAISE: At point of purchase, lock- in premium rates, no increases or higher rates as you age and health might deteriorate.
POTENTIAL: Growth and investment potential

If and when the question is term insurance versus permanent insurance, the choices and options, benefits are clear.

Once the sales charges and commissions are 'taken', the value-growth of this cash-value insurance can quickly add up and grow over time. Dividend and interest payments and expenses can make quite the difference. It is good for life (as long as you keep up the premiums and pay it), no renewals, higher rates that have to be paid. Think and move, decide beyond income replacement upon death. There is more at stake and possible - that much becomes clear quickly and there are instruments that make it within reach!

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