One of the reasons more families in the Colorado Springs, CO, area are choosing Westco Insurance LLC is that they know they can get answers. They can get answers to simple, straightforward, and complex questions. Many questions relate to the difference between term insurance and whole life or permanent insurance.
Whole life insurance provides lifelong coverage and frequently builds value. This provides one of the most significant advantages of whole life insurance: flexibility.
Because permanent insurance builds cash value, it can be used to secure a low-interest loan against its value in the future. The cash value can be used to make premium payments should you experience lean times in the future. A whole life insurance policy can even be cashed in at some future date to help you through a challenge or take advantage of an opportunity. Some even use the cash-building feature of a permanent life insurance policy to use as a savings account, perhaps helping with college costs.
Your policy accumulates value all the time and provides valuable life insurance protection. A whole life insurance policy may also have other flexible benefits, like a premium waiver, accidental death benefit, guaranteed insurability, and more.
Before choosing life insurance programs based on price alone, learn more about the benefits and flexibility of whole life insurance.
Contact Us for a Quote Today
To learn more about term and whole life insurance and to get a quote for each to compare, contact Westco Insurance LLC of Colorado Springs, CO. We can show you the differences after you answer just a few questions. Contact us today and get the peace of mind you deserve with life insurance from Westco Insurance LLC.
