Whole Life Insurance for Texas
Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy. With Whole Life Insurance coverage, you can collect a part of your investment as you live, and it can build cash value (which can be used to pay the premiums). The interest you accumulate through the investment part of your policy is tax-free until you withdraw it. One reason that whole life insurance remains popular is because the premiums are fixed, and no matter what your age or how your health is, you’ll pay the same amount every year.
What does Whole Life Insurance cover?
- Level premiums – premiums stay level for the life of the policy.
- Payable for life – provides life insurance coverage for as long as the policy remains in force.
- Pays dividends* – when we have profitable years, we share the profits with you.
- Guaranteed cash value** – you may borrow against your policy at the current loan rate. Upon surrender, the cash value would be available to you.
- Cash value growth is tax deferred – The growth in cash values is tax-deferred under current federal income tax law.
- Death benefit – life insurance proceeds are generally income tax free to the beneficiary.
For more information on obtaining an Whole Life Insurance contact, Jesse Trevino Insurance Agency Inc. at 210-521-8803 or fill out our online form above for your FREE Whole Life Insurance Quote today.
- *Dividends are not guaranteed
- **The amount of your guaranteed cash value depends on the kind of permanent (whole) life policy you owned, its size and how long you have owned it. Borrowed amounts reduce the death benefit and cash surrender value.
