Reader’s Question:

Hi! Can you tell me what life insurance is? A friend from Atlanta Georgia GA told me that if I’ll get Cash Value Life Insurance, I’ll retire wealthy. Is that true? I’d like to know because I’m planning to get one. Thanks!

Gee

Atlanta, GA

Hi Gee! That’s a good question.

There are a lot of myths surrounding Cash Value Life Insurance and one is that once you get that certain type of life insurance, it’s bound to survive you for years after you retire. To answer your question, let me tell you what life insurance and Cash Value Life Insurance is.

There are two available life insurance types in Atlanta Georgia GA. It’s term and life insurance. Term insurance is the simplest form of life insurance because it only pays if death occurs during the policy term. This term usually lasts from either one to thirty years. Whole life insurance is different. It’s also called permanent life insurance because it’s bound to pay you even if you live up to a hundred years. This type of policy provides you coverage throughout your lifetime and can also include an element that can build cash value.

You can call your agent in Atlanta Georgia GA and ask about the matter, as they would be more than willing to explain these to you. Hope this has helped you Gee!