The Cash Values From A Whole Life Insurance Policy Can Save The Day!

Have you every had to find money to take care of an emergency, or costs that you weren't adequately prepared for? It could be a sudden illness, educational expenses for you or your child/children, mortgage deposit, or supplemental retirement income. There are many ways to save money to prevent the above mentioned expenses from becoming a surprise, However, having the discipline to save for such an occurrence is not as easy as many would suggest.

In my years of practice in the insurance and financial industry I have seen countless Advisors who never deviate from proposing that clients consider buying term insurance and investing the rest. In an ideal world where all the cards are lined up, I believe that this would be a sound recommendation, but there are many clients who start out with the intent of investing elsewhere, and never get around to doing so.

A Whole Life insurance policy can be an effective tool to ensure that, while life is happening and plans to save for the future are being considered, cash values can start accumulating on the whole life insurance plan that can be used in the event of an emergency and just in case no other money is available from any other source. One of the great benefits of having a whole life insurance plan is that the monthly/semi-annually/annual premium payments that you make don't only go towards the coverage/protection for the proceeds to flow to your beneficiary/loved ones, but part of those payments automatically accumulate as cash values for your future use.

The process of cash value accumulation on your whole life insurance policy is so seamless that many people don't know how much money they have available, because, unlike other investments and savings, clients don't often look to their whole life insurance policy to withdraw funds. This allows the policy to accumulate significant sums over the long term. Of course, as with any investment, or saving, the amount available is determined by the amount invested or saved.

Even if you are a disciplined investor or saver, accumulating cash values on your whole life insurance policy can be just as beneficial to you. Best of all it is guaranteed. I'm certain that having a little extra money growing on a life insurance plan that protects your future income permanently is a wise investment choice.