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Types of Life Insurance - Permanent & Term Life Insurance Palmer AK

Permanent life insurance provides you with a saving's account coupled with a life insurance policy, in most cases. Premiums tend to be higher in part because many of these policies will develop a 'cash value' over time. Now, if you really want to save money you are generally better off with a savings account.

Mr. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

Data Provided by:
Benefits Inc
(907) 276-7100
3212 Greenland DR
Anchorage, AK
 
Plooy Tom
(907) 333-6575
2900 Boniface Pkwy
Anchorage, AK
 
Dorsey Arthur N CLU
(907) 522-1231
9191 Old Seward Hwy
Anchorage, AK
 
Banyan, Rock & Talent
(919) 782-0033
3356 Six Forks Road
Raleigh, AK
 
Jackson Todd
(907) 345-0214
1330 Huffman Rd
Anchorage, AK
 
Conrad Houston Insurance
(907) 276-7667
507 W Northern Lights Blvd
Anchorage, AK
 
Alaskan Benefit Insurance Consultants
(907) 243-1488
4225 Trapline DR
Anchorage, AK
 
Primerica Financial Services
(907) 562-4845
2900 Boniface Pkwy
Anchorage, AK
 
Data Provided by:

Types of Life Insurance - Permanent & Term Life Insurance

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Types Of Life Insurance

Life insurance gives you some options

In most cases, term life insurance is your best buy. This is because your need for life insurance actually decreases over time - when your mortgage is paid off, when the kids are already through college and on their own or when you are into your retirement years.

Permanent life insurance provides you with a saving's account coupled with a life insurance policy, in most cases. Premiums tend to be higher in part because many of these policies will develop a 'cash value' over time. Now, if you really want to save money you are generally better off with a savings account. However, for some people, the need to 'liquidate' a life insurance policy in order to get the cash helps to protect these savings.

Think carefully. You'll pay a higher amount for the life insurance at the same time that you are getting the 'cash value' on the policy. Because it does develop a cash value, you are in fact increasing the risk to the life insurance company. Therefore, it's going to cost you more.

For more information regarding life insurance check out the following pages: Life Insurance , Why do I need life insurance , How do I decide what I need , What types of life insure can I get , Permanent life insurance , Whole life insurance , Universal life insurance , Term life insurance , Other types of life insurance and don't forget to check out the How can I reduce life insurance costs page.

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