Firefighter Dad and Teacher Mom Use Permanent Life Insurance to Provide ... Insurance News Net (press release)
.Videos in the Northwestern Mutual client stories series aim to share the approaches and success stories of individuals whose financial representatives have helped develop a plan based on clients’ goals to help them build financial security. A new video is scheduled to appear each month throughout 2011.
“My mother always taught me to be prepared and having permanent life insurance in place makes me feel like we are securing our children’s futures and our grandchildren’s futures,” says Vivian in the latest video.
When Reggie and Vivian sat down with their Northwestern Mutual financial representative and heard about permanent life insurance for the first time, Vivian “felt such a sense of relief that it brought tears of joy to my eyes – I knew I had financial security for my children, Jaylon and Jasmine.”
Reggie agrees with his wife that since this part of their life is well-managed, he has
Nowadays people are becoming smarter about buying the insurance as they have a variety of options to choose from and they are well aware of the importance of insurance. Based upon their requirements, like some want accumulation of cash value, some prefer the life long protection, they choose various insurance plans. Whole life insurance is one such insurance plan. Before we focus on the whole life insurance pros and cons, let us first of all know what is whole life insurance. Whole life insurance is a permanent insurance plan which provides life long protection as well as cash value. A part of the premiums paid by the policyholder are used for making investments which earns out interest and are accumulated in the form of whole life insurance cash value. This cash value is tax-deferred and can be withdrawn before the termination date of the policy too. If the insured dies or surrenders, the cash value is given back. In case he is alive, the same can be realized on maturity as the face value of the policy. So a guaranteed payout is assured in case you die or stay alive, which is a complete win-win situation.