One of the last things you want to do is leave your loved ones with unexpected financial responsibilites after you have passed. At Michigan Insurance and Financial Services, we are here to help. We specialize in whole life insurance to ensure your family has access to funds to pay for a variety of expenses.
Generally, age and health are the most important factors when it comes to determaining the premium you will pay for whole life insurance. Although you can purchase a policy at any age, the younger you are the more affordable the policies will be. Life insurance policies are designed to pay a benefit when someone dies. Unlike term life insurance, whole (or permanent) insurance will usually remain the same during the duration of the policy. In addition to their post-death value, they can be build cash value and funds may be accessed or loaned--similiar to a savings account.Michigan Insurance and Financial Services work with a list of high-quality, reputable brands to ensure you are getting the best possible fit for your whole life insurance policy. For more information or to speak to an agent about whole life insurance, contact us today!