Permanent Life Insurance
Permanent Life insurance covers you for your entire lifetime. Premiums stay the same for the life of the policy, while it accrues cash value. The different types of permanent life insurance include whole, universal, and variable life insurance. While VC Financial Solutions does not offer variable life insurance due to higher risk strategy, we want you to know the range of permanent products available.
Unlike term life insurance, permanent policies do not expire as long as premiums are paid, ensuring beneficiaries receive a death benefit regardless of when the insured passes away. One of its key features is the cash value component, which grows over time and can be accessed through loans or withdrawals, offering flexibility for emergencies, retirement funding, or other financial needs.
Additionally, the cash value grows on a tax-deferred basis, enhancing its potential as a long-term savings vehicle. Permanent life insurance provides stability, as premium rates are often fixed and unaffected by changes in the insured's health or age. For those seeking lifelong protection, wealth transfer options, and the ability to build financial assets, permanent life insurance is a comprehensive and versatile choice.