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Whole Life:
A Whole Life policy from Stanton Insurance Agency provides insurance for your whole life. This type of policy provides a death benefit that is income tax-free, and can protect the financial security of your family in the event of an untimely death. Whole life offers tax-deferred cash values that may accumulate, and be used to help purchase a home, help pay for a child's education, or supplement retirement income. Your policy may even earn dividend income from the insurance company's profits. As long as your premiums are paid on a timely basis, your whole life policy can never be canceled.
Whole Life insurance is versatile, and can expand to provide greater protection and cash value as your needs increase. Various policy options allow you to purchase additional coverage over and above what the premium buys, thus simultaneously building cash value and death benefit; boost your coverage with term insurance; convert that term insurance at a later date into permanent Whole Life insurance; add family members to your policy; or even guarantee that premiums will continue to be paid should you become disabled. Since Whole Life premiums are based largely on age, they are typically lowest when the insured persons are youngest. This makes Whole Life an excellent way to plan for the financial future of children and grandchildren. You can provide funds to preserve your assets for your family during estate settlement. You can even use Whole Life to create a bequest for a favorite charity! Speak to a Stanton Insurance Agency Representative today to learn more about the many ways you can use our Whole Life for your whole life.
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