The Benefits of Life Insurance
http://insureme.us/benefits-life-insurance/
Everyone knows the benefit of life insurance is to protect your loved ones from the financial effects following your death. It is the primary motivation people have for purchasing life insurance in the first place. But all too often we forget life insurance has living benefits too. Some permanent life insurance policies permit withdrawals from the cash value-money to be used by the policyowner for whatever purpose he may need it. However, the amount withdrawn will be subtracted from the policy’s death benefit. Loans can also be taken out from the insurance company by the insured, using the policy’s cash value as collateral. These loans must be paid in full or any unpaid loan amount and interest will be deducted from the death benefit when the insured dies.
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