Purchasing a life insurance policy can be a stressful decision. No one wants to think about the end, but it’s important to be sure that your loved ones are cared for in the event of the inevitable. One of the most stressful parts can be knowing that you’ll be paying premiums for the rest of your life. But what if there was another option? What if you could pay for only 20 years, but have insurance that continues to gain value for the rest of your life, however long that may be? With a 20 pay whole life policy, that’s possible.
Protecting Your Family’s Future
Choosing the right policy is of the utmost importance when providing for the future of your family. The best 20 pay whole life policy options also come with available riders to enhance your coverage:
10- or 20-year level term insurance options
Premium waiver that guarantees your insurance in the event of total disability from injury or sickness
Ability to purchase extra insurance options without proof of insurability
A benefit stating that if your death is caused by accidental injury, your beneficiary’s original benefit payout is doubled.
Choosing a 20 pay whole life policy means guaranteeing coverage for your family without having to pay for it the rest of your life. After 20 years, your payments stop, but your family’s protection goes on.