Why do people get life insurance?

By: trenttsd

Most people get life insurance for the death benefit, providing peace of mind that their loved ones will be taken care of, if the insured dies prematurely.

Not too many people are aware of the “living benefits” of life insurance: cancer benefits, heart attack or stroke benefits paid at first diagnosis (money that can be used for anything, from alternative treatments, to vacation time or replacing the income lost).

Also, cash value that accumulates in the whole life or universal life policies, can be taken out as loans against the policy and used for any personal purpose.

Some people use the permanent life insurance policies to maximize their retirement funds.
There are many facets of life insurance that can help in many situations. Call the LifeGuy today for free advice/quotes. 877-LIFE-GUY or email info@LifeGuy.com

Author: LifeGuy

Daniel LifeGuy Dragan has 126 posts in this blog.

Daniel is a dedicated insurance expert with a focus on helping individuals, families and small businesses avoid financial disasters with Life Insurance products, Paycheck Protection (Disability Insurance), Retirement planning, Cancer and Critical Illness Insurance, executive and business protection plans. With his comprehensive knowledge and experience in financial protection, Daniel can help save money as well as get all your insurance premiums returned to you if you didn't use any of the benefits. "Return of Premium" insurance is one of Daniel's strengths and along with his personal approach to his customers' needs, one of the main reasons his clients are referring him to friends, family and business partners. Daniel offers free financial consultations and can be reached by email at Daniel@LifeGuy.com or phone: (239) LIFE-GUY or 239-466-4466