When people depend on you, being there for them is important. This also extends to the time after you’re gone. Life insurance is available to continue providing for your loved ones. Having a life insurance policy is important so your loved ones aren’t left in financial straits without you. Two main types of this insurance are available on the market. These are term life and whole life policies. Whole life is highly popular for its many benefits that term life policies don’t. When you’re in the life insurance market, call us at Gateway Property & Casualty in Dover, NH.
Whole Life Insurance: In Force for Life
One of the biggest benefits of a whole life insurance policy is that these policies never expire. While term life policies are only good for a set number of years, whole life is good for the rest of your life. Even if you become very elderly, the policy will still be in force. This means you’ll never have to get a new policy as you would have to if a term life policy expired. You can always count on your whole life policy.
Accruing Cash Value
Another benefit that makes these policies popular is that the policy will accrue a cash value. This is an amount that starts small after a few years and slowly builds up into a more substantial amount. This amount is a value that you can then borrow against if you should ever need to. This is a good way to build peace of mind because you’ll know that there’s money available in case of a financial emergency.
Get Whole Life Insurance
To start a whole life policy, call Gateway Property & Casualty in Dover, NH.
