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Songer Benefits, Inc. Blog

All You Ever Wanted to Know About Insurance

Whole Life Insurance Beckley, West Virginia

Secure the future. Whether you are just starting or planning for retirement, Guaranteed Whole Life insurance offers a wide range of guarantees you can count on. 
•Guaranteed premiums stay the same from the day you purchase the policy. 
•Guaranteed death benefit does not change unless you stop paying premiums or elect to reduce your coverage amount. 
•Guaranteed cash values build on a tax-deferred basis, allowing you to start planning right away. They will never decrease and are not affected by market fluctuations. Cash values may not be available in the first several policy years. Any indebtedness would reduce them at the time of surrender. 
•Guaranteed insurability means that your classification will never change once the policy is in force unless it is to your advantage. 
•Guaranteed paid-up values are stated upfront for each policy year. Hence, you know where you stand if you should decide to stop paying premiums. Paid-up insurance is the amount of death benefit you receive if premiums were no longer paid, less any indebtedness. Whole life insurance can cover you and your family for your entire lives – from beginning to end and everything in between. Consider your insurance needs. With so many guarantees, Guaranteed Whole Life is ideal for many of your insurance needs today. 

Consider using it when planning for:
•Estate conservation: guaranteed liquidity to cover estate settlement costs 
•Business continuation: guaranteed cash value, death benefit, and premiums to finance business needs 
•Charitable giving: increased ability to give larger charitable gifts to churches or non-profit organizations 
•Conversion: convert your current term insurance to this guaranteed, permanent plan with no proof of insurability 
•Impaired risk: individuals with increased health, occupational, or recreation risks may lock in guaranteed premiums. For a comprehensive statement of the coverages and exclusions, please see the policy contract. All applicants are subject to underwriting approval. Products are available in Beckley, West Virginia. Select the best option for you Level-pay: level premiums are payable for the life of the policy 10-pay: premiums are payable for ten years, which provides you with a paid-up policy with no additional premiums due after ten years Single-pay: gives you a paid-up policy with one single premium and no additional premiums due for the life of the policy Paid Up at 65: level premiums are payable to age 65, which provides you with a paid-up policy with no additional premiums due after age 65