{"id":78,"date":"2022-08-26T04:00:00","date_gmt":"2022-08-26T10:00:00","guid":{"rendered":"https:\/\/www.carminucciagency.com\/blog\/?p=78"},"modified":"2022-08-26T08:33:20","modified_gmt":"2022-08-26T14:33:20","slug":"how-whole-life-insurance-works","status":"publish","type":"post","link":"https:\/\/www.carminucciagency.com\/blog\/how-whole-life-insurance-works\/","title":{"rendered":"How Whole Life Insurance Works"},"content":{"rendered":"

When you have loved ones who depend on you, it’s important to give them the help they need after you are gone. You can do this by having a life insurance policy. There are a couple of main types of life insurance, and whole life is one of these. It is a type that comes with its own advantages and disadvantages, and it remains a popular type of policy.<\/p>\n

To get your whole life insurance policy, call us at Carminucci Agency in Croton Falls, NY.<\/p>\n

Insurance for Your Whole Life<\/h2>\n

Whole life insurance gets its name for the amount of time that the policy is in effect- your whole life. Unlike term life insurance which expires after a certain number of years, whole life insurance doesn’t have an expiration date. It’s good for as long as you want to keep it and up to any age you attain. Because it stays good no matter what your age, it does cost more than term life policies. This is the only real drawback, however, and many people choose this type of policy because it doesn’t expire. As long as you keep paying for the policy’s premiums, the policy can’t be canceled. <\/p>\n

The Cash Value<\/h3>\n

Another benefit to this type of life insurance is that over time it will build a cash value. As you pay your premiums, that money is invested by the insurance company. A small part of the profits from those investments can become the cash value of your policy after a few years. This value is something that you can borrow against if you should have a financial crisis and need access to it. <\/p>\n

Cover Yourself With Whole Life<\/h3>\n

If you need life insurance, whole life is often a good choice. Call us at Carminucci Agency in Croton Falls, NY to find out more. <\/p>\n","protected":false},"excerpt":{"rendered":"

When you have loved ones who depend on you, it’s important to give them the help they need after you are gone. You can do this by having a life insurance policy. There are a couple of main types of life insurance, and whole life is one of these. It is a type that comes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[14,13],"class_list":["post-78","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-carminucci-agency","tag-croton-falls-ny"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t