When you have a family, life insurance is an important way to be responsible. Not having life insurance can make others suffer financially as well as to be unprepared for your final expenses. If you are interested in a whole life insurance policy, call us at Ransom & Associates Insurance Agency in Winder, GA to find out more.
How Whole Life Insurance Works
The reason that whole life is named as such is that it is coverage for your whole life. That is, it continues all the way to the end of your life no matter how old you get. Many people choose this type of life insurance because it doesn’t expire at a certain time like term life insurance does. There is no term period to worry about. You can simply keep the coverage for the rest of your life. This can give you a strong sense of peace of mind in knowing that your expenses will be covered and your loved ones will be taken care of when you’re gone.
Another important aspect of whole life insurance is that it will build up a cash value over time. After a few years of paying premiums for the coverage, a part of the profits made by investing those premiums becomes available to you as cash value. This amount of money can be borrowed against when you are in a financial bind. This gives you even more peace of mind when you know that you have a way out of a serious financial situation if you should need it.
Get Your Whole Life Insurance Policy
If you are interested in whole life protection, give us a call today at Ransom & Associates Insurance Agency in Winder, GA to find out more and to get started with a life insurance policy of your own.