September 8, 2006, Newsletter Issue #19: Why You May Need Whole Life Insurance Instead of Term
Tip of the Week
Whole life insurance policies can provide several advantages over term life insurance policies. These include:
- A cash build-up that can be borrowed against at a cheaper rate than a traditional short-term loan.
– A cash build-up that can be settled and given back to you.
– Secure a policy while you are young to have cheaper premiums when you are older.
– Can be paid to your beneficiaries if you die or settled and used to pay for nursing home or medical expenses later.
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