Nobody wants to have to think about activating an existing life insurance policy or even purchasing one. However, there are a number of unforeseen circumstances that make life insurance an important acquisition for both you and for your family. We wish that we could assure you that there will never be any unexpected problems in your life that would cause members of your family to have to consult your policy and receive a payout. However, in the case that something were to happen to you, don’t you want to make sure that your family is taken care of and that they will be handle all expenses that may come up? Edelweiss Tokio Life Insurance is dedicated to providing you with the peace of mind that comes with comprehensive whole life insurance!
Make One Plan and Forget About it!
So what exactly makes whole life insurance such an attractive option and what separates it from other policies and plans? Unlike many term life insurance policies that only cover you and provide benefits for a select time period, whole life insurance is guaranteed to cover you during your entire lifetime, assuming that all premiums are paid in a timely manner. The beauty in this kind of life insurance policy is the peace of mind that you will not ever have to worry about making adjustments to your existing policy or finding out at the most inopportune time that your coverage has expired. In many cases, your rates will also be “locked in” for an extended period of time, making your financial planning much easier as well as being more affordable, all around!
Tax Breaks for Even Better Benefits!
Another major advantage that whole life insurance possesses is in the area of tax advantages. Thankfully, in almost every case, income tax does not apply to any portion of your policy’s death benefit. What this means for your family is that in the event that you die, they will receive the entire amount of your policy’s contracted amount without worrying about losing a large portion of the sum to taxes. This not only leaves them with more disposable funds to spend on associated costs such as funeral expenses, but also makes the entire tax preparation process easier to manage. Taxes and funeral planning can be stressful enough and we try to make them easier by issuing whole life insurance policies!
While life insurance may not be the most comfortable or jovial topic to discuss, if you care about the livelihood of your family, you’ll want to talk to Edelweiss Tokio Life Insurance’s professionals about your options. We’re committed to finding the most appropriate policy that best suits the needs of you and your family!
