Navigating the complex world of life insurance is made easier by partnering with Ingram Insurance and Real Estate. Are you seeking the affordability inherent to a term life insurance policy? Or do you prefer the accrual of cash value inherent to a whole life policy with fixed premiums? Or would you be interested in a life insurance policy that combines both, of the preceding, options? Allow the insurance industry professionals at Ingram Insurance and Real Estate to thoroughly explore the options available to you when purchasing a life insurance policy.
A term life insurance policy has a guaranteed death benefit and a fixed premium for a specified number of years (generally 10, 15, or 20 years). However, a term life insurance policy does not have an actual cash value, unless it is a return of premium term life insurance policy, which allows for the return of premiums paid over the term of the policy at the conclusion of the policy. These are considered “temporary” policies, as they expire after the stated term has lapsed.
A whole life insurance policy has a guaranteed death benefit and a fixed premium for the life of the insured. In addition, the policy accrues cash value, which can be borrowed against by the policy holder. A universal life insurance policy combines many of key attributes of term life insurance and whole life insurance policies.
A life insurance policy is the cornerstone of your estate plan. Ingram Insurance and Real Estate in Cheraw, South Carolina has the answers to your questions about life insurance policies. Our team of insurance industry professionals has the experience and expertise to exceed your expectations.
To schedule your appointment today, call (843) 537-9386
and one of our friendly agents will be happy to assist you.