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Your Guide to Whole Life Insurance

Your Guide to Whole Life InsuranceLife insurance is something that we are all going to need to think about and, in this case, sooner is better than later.

Life insurance can be one of the wisest investments you ever make. Don’t avoid this crucial coverage because it feels like a rather depressing subject! Coming to terms with one’s own mortality is a rather difficult emotion for anyone to swallow. But, it’s something we all must do. When your family is dependent on your income for their current state of living, the last thing you want to do is make their experience even harder by forcing them to sell their home and any assets they may have to continue living. Know the basics to whole life insurance to give you and your family the peace of mind you all deserve knowing you’re prepared should you pass away before your time.

Whole Life Insurance

Whole life insurance is a policy that will last your entire life. (Hence the name “whole life.”) It can help replace your income should death come knocking on your door unexpectedly. If your family is dependent on your income for a mortgage, food, car payments, tuition, school, clothing, music lessons, funeral costs, or anything else that needs tending to, your whole life coverage will help them with these payments.

If your children become independent and everything you own is paid off, you may not need your life insurance anymore. You’re retired and you just want to travel. Well, as you reached retirement your life insurance policy has been accruing cash value that you can use! Whole life coverage also has a cash value component.

Choosing the right whole life insurance for you and your family’s needs is the best thing that you can do for them. For all of your life insurance inquiries, contact Scautub Agency for all of your insurance needs. Our Scotia, New York team can help keep you – and your wallet – safe

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