Permanent life insurance offers lifelong coverage, making it ideal for individuals whose financial responsibilities, such as estate planning or long-term dependents, may not have a defined end date. Here are some key features of permanent life insurance:

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1. Lifetime Coverage: Provides coverage for your entire life, as long as premiums are paid.

 

2. Cash Value Component: Part of the premium goes into a cash value account, which grows over time and can be borrowed against or withdrawn.

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3. Premium Stability: Premiums generally remain constant throughout the life of the policy.

 

4. Potential Dividends: Some permanent policies may pay dividends, depending on the insurer's performance.

 

When considering whether permanent life insurance is right for you, think about your long-term financial goals, the need for flexibility in accessing cash value, and how it fits into your overall financial plan.If you have specific questions about permanent life insurance policies or their benefits, or need guidance on choosing the right one, feel free to ask!