What is Permanent Life Insurance in San Antonio, Texas?

When you are looking for life insurance in Bexar County or Comal County, it is important to consider the type of policy you want to obtain. Among the options that are available for your needs is permanent life insurance.

Basics of the Plan

In San Antonio, Texas, the permanent life insurance plan is a type of coverage that is designed to carry forward without a set time limit as long as you pay the premium according to the contract that you signed. It is similar to a basic whole life policy because it provides similar opportunities to put funds into an investment and grow while obtaining protection against death.

High Cost

Since the permanent policy is more expensive than a traditional term plan, it may or may not be the appropriate solution for your needs. If you are concerned about the financial future of your family if you get into an accident or die from an illness that occurs suddenly, then it is best to have some form of coverage, but it may not be necessary to obtain a permanent policy.

A permanent policy is more costly than other options, so it is important to consider the pros and cons of the plan before you put any money into it. In most cases, you will have more flexibility in coverage and can obtain coverage easier with a permanent option, but it may not be the best choice if you have good health and your life expectancy is still several years.

A permanent plan is a solution when you are looking for ways to protect your family from financial strife if you are involved in an accident, but it may or may not be the best choice for your needs. To learn more about your insurance options, contact us to talk to an independent agent.