Permanent Life Insurance Policy

  • Home
  • Permanent Life Insurance
//

Homeowner's policy is a
insurance policy.

Permanent Life Insurance your family’s safety blanket

If you are looking for an insurance policy that provide coverage for your whole life and secure you family’s future after you are gone. Permanent Life Insurance also commonly recognized as Whole Life Insurance. After your demise, a lump sum payment is given to the nominee and no tax will be applicable on the same. Apart from tax- free compensation, Permanent Life Insurance provides you the benefit of earning profit in the form of dividends and also earn cash value over the life of the policy. A Permanent Life Insurance policy enables you to secure your family’s future along with building wealth in the long run.   

Awesome Image

Why go for Permanent Life Insurance?

  • Guaranteed coverage for lifetime.
  • Premium at which you purchased the policy will be fixed for lifetime.
  • Some permanent policies allow you to pay a premium for a limited time period and get coverage for your entire life.
  • Financial security for lifetime.
  • Offers a tax-free death benefit.
  • Amount received can be used in any way the beneficiary wants.
  • There is no need to show the received amount while filing taxes.
  • Beneficiary can be anyone you want; it is not necessary that he or she is your family member.
  • Permanent Insurance plans allow you to generate some in the form of cash value.
  • You can use cash value for increasing death benefit.
  • The policy helps in keeping your family financially stable even after your death.
  • The load of any remaining debt or payment will not fall on your family.
  • Premium paid for the policy can be invested and earn income in the form of dividends.

Cash value you earn will grow with time and you can borrow money against it. It is possible to take loans by keeping cash value as collateral. You can withdraw the amount but it will get deducted from the death benefit. You may also have to pay tax on the withdrawal of cash value.

Factors impacting Permanent Insurance policy cost

  • Coverage offered by the insurance policy
  • Type of permanent life insurance policy you are buying
  • Age
  • Medical History

Ez Financial are experts in providing insurance solutions. We have different Permanent Life Insurance Plans i.e. Universal Life Insurance and Participating Life Insurance and suggest the most suitable plan as per your requirement. 

Want to invest in Permanent life Insurance?

Contact us