The Living Benefits of Life Insurance

by Christy McFarland

There's a lot to consider when it comes to life insurance. Aside from sifting through the different policy types and coverages, there’s also a misconception it's only meant to provide money to your loved ones if you passed away. While that might be the main purpose, whole life insurance is flexible and can provide a key benefit while you’re still alive.

How? Well, whole life insurance policies have a cash value that increases over time, and the cash value you accumulate is yours to spend if the need arises.1 So, whether you need it for an emergency fund or a substantial payment, your whole life policy can work for you while you’re still living.

Or, you may choose to use it to…

• Help fund a child’s education
• Supplement retirement income
• Make a down payment on a vacation home
• Start a business or expand an existing one

Although whole life insurance is not an investment, a savings vehicle, or a retirement plan, the cash value  from your policy can be used for a variety of needs and provide extra security for you and your family as you continue through life.

Life insurance will never be more affordable than it is today. Feel confident about your future - through all of life’s surprises - with a whole life insurance policy.