I am a huge fan of living benefits life insurance. I think that this type of life insurance is the best type of life insurance available. There are several reasons why I believe this type of life insurance is better than other types of life insurance. I will go over some of these reasons below.
Living benefits life insurance is great because you get to choose how much coverage you want. You can get coverage that is as little as $1,000 or as much as $10,000,000. This is great because if you only have a small amount of money to invest then you don’t need to get the most expensive policy. If you have more money to invest then you can get a policy that has a lot more coverage.
Another reason why living benefits life insurance is better than other life insurance policies is that it is cheaper. This is because you don’t have to pay the same premiums year after year. You only pay the premiums when you take out the policy. So the longer you wait to buy the policy the less you will pay in premiums. The more coverage you get the more you will pay in premiums.
Another reason why this type of life insurance is great is that it is guaranteed renewable. This means that if you die before your policy expires then you will still get paid out by the insurance company. This is great because you don’t have to worry about whether or not you will be able to continue to pay the premiums.
One thing that I like about this type of life insurance is that it allows you to use it to help fund college. If you have children that are going to college then you can use the policy to help them pay for their education. This is great because if they don’t have enough money to pay for their education then you won’t have to worry about paying for their education.