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If you live in the Wayne, PA, area and have not built your life insurance program, we invite you to start at The Sirover Agency LLC. At Sirover, we help our clients become better consumers by assisting them in better understanding how insurance works.
There are two basic forms of life insurance: term insurance, which protects the insured for a specific period, and permanent or whole life insurance.
Whole life insurance covers the insured for as long as premiums are paid. Another aspect of permanent life insurance is that it can build equity.
While permanent life insurance is usually more expensive on a cost-per-thousand basis, its ability to build value over time can be important for various reasons.
Making it Easier to Save
The savings element of permanent insurance makes it easier to set aside money while providing important life insurance coverage.
Equity Can Be Tapped into the Future
As a permanent insurance policy builds equity over time, the equity can be accessed for opportunities or emergencies. It can be tapped into through a policy loan or by cashing it in for its value.
It Continues to Build Value
A permanent life insurance policy continues to build value as long as premiums are paid. This continues to build its value as long as you pay for it.
Is it Right for You?
If you live in the Wayne, PA, area and want to determine if permanent or term life insurance is best for you, contact us at The Sirover Agency LLC.
We can discuss your goals, needs, and budget and help you quickly build equity in your life insurance policy.
Contact us today.
