The Benefits Of Variable Life Insurance
Variable life insurance is a form of permanent life insurance. In addition to the death benefit provided by all life insurance policies, variable policies also include an investment component. That means your policy contains a cash-value account, which is invested in subaccounts that are similar to mutual funds. Most variable life insurance policies will offer you multiple subaccounts to choose from, which may match different investment objectives and risk tolerance levels.
- Coverage for your entire life, regardless of how long you live
- Potential for tax-deferred growth in a cash-value account attached to the policy
- You may be able to access funds in the account through a loan instead of through direct withdrawals in order to avoid paying income tax
Learn more about variable life insurance and find out if one of these policies is right for you; call Noble Wealth Management today. We are an independent life insurance company based in Kennewick, near Richland and Walla Walla, WA.
The Benefits Of Term Life Insurance And Whole Life Insuance
Term life insurance policies guarantee the payment of a predetermined death benefit if the policyholder dies during a specified term. Coverage can last for as little as one year, but most policies come in 10, 15, 20, and 30-year terms. When the term expires, you have the option to either renew the policy, convert it into a permanent policy, or allow it to terminate if you no longer require coverage.
- Most affordable life insurance rates
- Having flexible term options means you only pay for coverage during the years when you really need it
- Easy to understand and compare policies
Whole life insurance is another form of permanent life insurance. It is similar to variable life insurance, but the cash value grows at a guaranteed rate, rather than based on the performance of investment subaccounts.
- Coverage for life and a guaranteed death benefit
- Level premiums that never change
- Tax-deferred cash value growth that you can borrow against
Are you looking for a trustworthy life insurance company near Kennewick, WA? Contact Noble Wealth Management today.
The Benefits Of Whole Life Insurance
Whole life insurance is another form of permanent life insurance. It is similar to variable life insurance, but the cash value grows at a guaranteed rate, rather than based on the performance of investment subaccounts.
- Coverage for life and a guaranteed death benefit
- Level premiums that never change
- Tax-deferred cash value growth that you can borrow against