Term vs. Permanent Insurance
What is the right type of life insurance for your client? There's no easy answer to this tough question.
Term insurance could be right for your client if:
- they need coverage for a specified or limited period of time ;
- they have limited resources to pay for the amount of coverage the family needs.
Permanent insurance can protect your client for their entire life. Permanent policies are designed with the idea that premiums in the early years are higher than what is needed to cover costs in order to help control the cost of insurance in the later years. As a result, the policy has cash surrender value. The cash surrender value is necessary for the policy to function as intended, and has the additional benefit of functioning as an additional savings tool.
Need help deciding? The salaried professionals at Ameritas Advisor Services can provide objective assistance.
Acacia Advisor Term (Form 7250) is issued by Acacia Life Insurance Company. Policies may not be available in all states. Acacia Life Insurance Company is an affiliate of Ameritas Life Insurance Corp. Ameritas Advisor Services is a division of Ameritas Life Insurance Corp.
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