Why You Should Not Convert From Term Life Insurance to Permanent Life Insurance

Term life insurance is one that covers a particular period while permanent life insurance covers the whole period until you pass away. At times, your insurer may try to persuade you to convert from term life insurance to permanent life insurance. Here’s why you should not switch: Monthly premium costs are high Unlike the premium of term life insurance, the monthly premium cost of permanent...Read More

Why You Should Convert From Term Life Insurance to Permanent Life Insurance

Most people opt to purchase term life insurance which provides coverage for a specified period. This plan tends to be cheaper, but below are some of the reasons why you can convert your term life insurance policy to a permanent life insurance plan. Availability of cash value Permanent life insurance policies provide you with cash value which accumulates over time. You can withdraw the available...Read More

Types of Permanent Life Insurance Policies

A permanent life insurance policy is a type of insurance plan that offers lifetime coverage and has a cash value component. Unlike term life insurance, permanent life insurance is expensive and is free from tax until money is removed from the account. Without further ado, the following are the types of permanent life insurance policies in the marketplace. Whole life insurance Whole life insurance comes...Read More

Reasons to Update Your Permanent Life Insurance Policy

If you have forgotten about the details of your permanent life insurance policy, then you are doing it wrong. Like every other thing in life, your life insurance policy should be constantly reviewed to reflect the changing times. However, if you are still not convinced, we have listed some reasons you should immediately update your permanent life insurance policy. Starting a family Getting married and...Read More

Frequently Asked Questions about Permanent Life Insurance

Looking to purchase permanent life insurance policy? Are you confused due to the several myths and misconceptions you have heard about this policy? We have compiled a list of frequently asked questions to help educate you better on permanent life insurance. Why should I choose permanent insurance over term life insurance? You should choose permanent life insurance over term insurance because it continues to give...Read More