How does whole life insurance work?

Whole life insurance requires premium payments and provides coverage until death. It accumulates cash value over time.

When should I cancel my whole life insurance policy?

Consider your financial situation and goals. Factors include retirement, alternative income sources, affordability, and cash value.

Explore reducing coverage, adjusting premiums, or borrowing against cash value. Consult a licensed financial advisor.

It may result in penalties, loss of cash value, and tax implications. Understand long-term commitment and risks.

It depends on the policy type. Term life usually provides no funds back, but whole life policies may have a surrender value.

Your life insurance quotes are always free.

Secured with SHA-256 Encryption

post

Your life insurance quotes are always free.

Secured with SHA-256 Encryption

post