Whole Life Insurance
Whole Life Insurance, also called Permanent Life Insurance, provides coverage for the lifetime of the insured as long as the premiums are paid. Most Permanent Life Insurance policies build cash value or surrender value. This feature provides you with several options:
- You may cancel or surrender the policy in part or in whole, at which time the cash value will be paid to you. However, should you exercise this option in the early years, there may be little or no cash value available.
- You may borrow from the insurance company using the cash value as collateral.
- Should you find that it is difficult to continue paying the premiums, you are able to use the cash value to cover the cost of premiums for a specified period of time.
There are many types of Whole Life Insurance available. Contact us for more information. Our financial experts can help you determine which plan is best for you.
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Investment Management services are offered through Fidelity Investments.
Securities are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC.
Fixed Insurance is offered through Consolidated Life Producers.
Services, securities and insurance offered through Independence Financial Advisors, LLC and Fidelity Investments, Infinex Investments, Inc. and Consolidated Life Producers are not FDIC-insured, are not deposits or obligations of nor guaranteed by Franklin Savings Bank or its affiliate. These products are subject to investment risk, including possible loss of value and are not insured by any federal government agency. For more information about a particular security, ask for a prospectus. Please read it carefully before making an investment.