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Permanent Life Insurance Coverage

Whole Life Insurance is a simple form of insurance in which you pay the same premiums for the rest of your life. The younger you are when you start your policy, the less expensive your premiums will be. This option also allows you to borrow against the cash value of your policy in the same manner as if you were taking out a loan.

Universal Life Insurance is a more flexible option that allows you to determine when you pay and how much once your policy has built a considerable cash value. As long as you have enough cash to pay for your premium your coverage will stay active, giving you the flexibility to determine not only when you want to contribute to your policy, but how much you contribute as well. You can also increase or decrease the amount of your death benefit within certain limits as your needs change over time.

Variable Universal Life Insurance allows you to invest your premiums giving you the possibility of getting a higher rate of return than a guaranteed rate provides. Your death benefit will remain the same regardless.

Equity-Indexed Universal Life Insurance will tie the cash value of your policy to a market index such as the S&P 500. Your policy will determine what the maximum and minimum growth rates will be.

Permanent Life Insurance is a good option for you if you don’t want to have to worry about your life insurance policy expiring. It gives you the peace of mind in knowing that your family is protected for your entire lifetime. Because the premiums are fixed you will not need to worry about your policy losing value over time. Let a friendly and dedicated Denver insurance company agent help you determine which life insurance policy is best for you. Call for your free consultation today.