There are a few advantages to this type of coverage, the first being that it never ends and the second being that your insurance company puts aside a portion of your monthly payments into a tax - deferred fund which you can
then borrow against in the future.
In addition, you will instantly have 20 % equity in your home, which you can
borrow against in the future or get back as part of your profit when you sell.
Whole life insurance is the type of life insurance that builds cash value, which in some cases you can
borrow against in the future.
Why not lock in your housing expense now with an investment that will build equity that you can
borrow against in the future?
Not only is homeownership something to be proud of, it also offers you and your family the ability to build equity you can
borrow against in the future.
Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can
borrow against in the future.
Whole life policies build some cash value you can
borrow against in the future.
Permanent insurance policies have a savings account that may build cash value that you can withdraw or
borrow against in the future.
This savings component can increase the death benefit or you can
borrow against it in the future.