Insurance Consultants International Blog

Is Whole Life Insurance in Broward the Right Choice for You?

When you’re shopping for whole life insurance in Broward, it can be incredibly overwhelming. There are a plethora of carriers, terms, options, and things to consider you didn’t even realize were important. It’s a vast world, which is why it’s always a good idea to hire an advisor. They can help walk you through the process, even advising you on whether or not whole life insurance is right for you. In this blog, we’ll talk about whole life insurance, and what that means.

First Thing’s First: What is Whole Life Insurance in Broward?

It’s essential, before we begin, to talk about what whole life insurance is. Luckily, it’s self-explanatory. It’s the details that can get complicated. Whole life insurance is protection for life, the rates never increase, it holds it’s cash value, and it’s guaranteed. The most significant benefit to whole life insurance is that once you’ve purchased whole life insurance, nobody can revoke it or reduce it.

Insurance options depend highly on the state of your finances, how healthy you are, how old you are, and what you want to have coverage over. The biggest detouring factor for most people is that whole life, naturally, is much more expensive than term coverage. In fact, it can range six to eight times more expensive! However, many feel that the benefits of whole life coverage dismiss the cost.

Another added benefit is that a whole life policy can build tax advantage cash values. This means that the money withdrawn is not taxed, which is a huge benefit for most people. Additionally, if you buy whole life insurance while you’re young and healthy, the terms will be for life. It’s essential to check for family health history prior, as that may be a determining factor.

As you can see, there are many different avenues to life insurance. At Insurance Consultants International, we know how difficult it can be to purchase life insurance and feel good about it. Sometimes, individuals will buy without really knowing what they’ve invested in. Instead, allow our advisors to help you rest peacefully at night. Life insurance is there to protect the unthinkable. Should anything happen to you, you’ll want to know that your loved ones are cared for. We have 16 years of experience and global knowledge of the industry. If you’re in need of consultations for whole life insurance in Broward, contact Insurance Consultants International today. Call 954-239-9507 today, and start preparing for life.

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