Whole Life Insurance

Secure Capital Benefits Company has a wide verity of carriers that offer great whole life coverage. 

Do you need Whole Life Coverage?

Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time. Whole life insurance is the most common type of permanent life insurance policy that people purchase.

Like most permanent life insurance policies, whole life also offers a savings component called "cash value."

Certain aspects of whole life insurance can make this an appealing choice for consumers.

• Your premiums are fixed and will not ever go up, regardless of market conditions. Because whole life insurance gives you fixed premiums and a fixed death benefit, you won't have to worry about increased premiums as you get older. And, your loved ones will also know how much to expect when your life insurance benefit is paid out after you pass away. 
• You may be able to withdraw funds or take out a loan. A whole life policy can serve as a source of emergency funds for you if something goes wrong, or you may be able to take out a loan against the policy. That's because a portion of each premium payment you make is funneled into a savings component of the policy called the "cash value." Over time, the cash value of your policy increases, and you may have the option to withdraw funds or borrow against it. The rules on how and when you can do this vary by company and policy. Your insurer may also offer guidelines to follow so that you don't inadvertently reduce the policy's death benefit or create a tax burden.
• Your death benefit is guaranteed as long as you make the required premium payments. The cost of a whole life insurance policy depends on several factors, including how much coverage you buy and other things. When it comes to paying your premiums, you'll typically be able to make a fixed payment for a whole life insurance policy.