Why Is Permanent Life Insurance Good?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaPermanent life insurance is an appropriate defensive planning product for people who have ongoing indebtedness like a home mortgage, future obligations like a child's education and charitable intent towards a non profit organization. Permanent cash value life insurance can also be a supplemental tax advantaged retirement income source in your golden years.Answered on August 14, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Permanent life insurance is good for those who need their life insurance to last until the end of their lives. This can be because they want the money to be there to settle their estate, pay their funeral, or provide a source of cash from which to borrow. No one can predict the time of their death with certainty, so Term insurance cannot be counted on to be in effect at death.Answered on August 14, 2013flag this answer
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