Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for regularly-due premium payments. The policy includes a savings portion, called the “cash value,” alongside the death benefit and living benefits. In the savings component, interest may accumulate on a tax-free basis. Can structure to BE YOUR OWN BANK.
An annuity is an investment option that can provide a guaranteed income for an individual or their spouse throughout their retirement. They are purchased for a set period and payout a specific amount in retirement based on the investment strategy and amount invested.
What is life insurance with cashback? Life insurance with cashback is an offer of money back to the customer when they complete a life insurance purchase. Usually, life insurance cashback offers are introductory offers that life insurance sellers use to attract new customers to their policies.
Final expense life insurance, sometimes called funeral expense insurance or burial insurance, is a limited, inexpensive policy designed to cover all of the costs associated with someone's passing.