Term Life Insurance vs Permanent Life Insurance Key Things You Should Know

On this small business mentoring session we look at Term Life Insurance vs Permanent Life Insurance. Did you know that permanent insurance can be used to "Be Your Own Bank" as you get older and need money to buy a home or start a business?

Most permanenet life insurance policies can be enhanced with living benefits such as a long-term rider, or an accelerated death benefit that allows you to use up to half of your death benefit after being diagnosed with a terminal illness.

Usually, the best option is a combination of a large amount of term life insurance with a decent amount of permanent life insurance that can be increased or decreased as needed.

We will quickly explore key points that you need to know when trying to decide if you should purchase term life insurance vs permanent life insurance.

For a more detailed explanation, visit our website at www.wfig.info.