WHAT TYPE OF WHOLE LIFE POLICY DO I NEED?
There are various types of permanent life insurance policies available. The Akers Solution offers:
Whole Life: Policies that feature fixed premiums and death benefit with funds that can be withdrawn or loaned out. The rate of return is guaranteed.
Universal Life: A type of policy that offers flexibility in the premium payments, death benefits, and savings element.
Child’s Whole Life: The advantages to getting permanent life insurance coverage for a child include locking in a low rate that will never increase, guaranteeing coverage for life regardless of future health issues, and building a cash value that grows overtime.
Guaranteed Issue Life: You can get a Guaranteed Issue or Guaranteed Acceptance life policy regardless of your age or health condition and it will provide a cash payout for your beneficiaries.
Senior Pre-Need Insurance: These policies cover the costs of your funeral, which can be expensive for your loved ones. With most pre-need policies, the beneficiary is the funeral home rather than a family member.
SHOULD I CHOOSE WHOLE OR TERM LIFE INSURANCE?
Get the guidance you need to make the right decision for your life insurance coverage; contact The Akers Solution today. We assist clients in the Knoxville, TN area.