What is a legitimate life insurance company that has a cash in value life insurance policy (which means after so many years of paying life insurance your able to dig into your money). I wanted to add my son on my life insurance policy, too. I am 23, my son is 5 , and we are both in good health.
A cash in value life insurance plan is called permanent or whole life insurance. This provides lifetime coverage and may build up cash value inside your policy over time.
Once there is cash value inside the policy you may take a loan of up to 80% of the cash value, but you agree to pay it back with interest into your policy.
You can add your son to your life insurance by requesting a child rider that provides a small amount of life insurance coverage for your son. There is a small additional premium for this coverage.
There are many highly-rated life insurance companies that offer cash value life insurance policies, and the mutual insurers may pay a dividend that is returned to the policyholder. Some good mutual life insurance companies include Northwestern Mutual and Mass Mutual. Here's how you can learn more and compare whole life insurance quotes online today.
A cash in value life insurance plan is called permanent or whole life insurance. This provides lifetime coverage and may build up cash value inside your policy over time.
Once there is cash value inside the policy you may take a loan of up to 80% of the cash value, but you agree to pay it back with interest into your policy.
You can add your son to your life insurance by requesting a child rider that provides a small amount of life insurance coverage for your son. There is a small additional premium for this coverage.
There are many highly-rated life insurance companies that offer cash value life insurance policies, and the mutual insurers may pay a dividend that is returned to the policyholder. Some good mutual life insurance companies include Northwestern Mutual and Mass Mutual. Here's how you can learn more and compare whole life insurance quotes online today.
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