PERMANENT LIFE

PERMANENT LIFE

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Permanent life insurance is a fully secured policy that do not expire i.e. they are meant to be paid for the time period of the insured’s life and provide life long protection.

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Permanent insurance remain in existence as long as you are continuing paying your premium.

Key point of permanent insurance is that it also provide death benefits to respective holders. This is also called as cash-surrender value or cash value.

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There is no need to pay any taxes until your permanent life insurance policy is active.

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-Withdrawl amount of premium which is paid is taken taxable.

-Permanent insurance policy is also used for asset protection.

-Provide special needs for loved ones and child who is not independent.

-Build way for funding for life’s emergencies.

Permanent insurance is YES for investing.

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Content credit : djmaza