Increased whole life insurance is worth buying, but only if you have sufficient budget.
My dad has always emphasized to everyone that buying insurance must not affect the daily expenses of the family and individuals, and the premium cannot become a burden on life.
Daddy has sorted out cost-effective incremental whole life insurance: "The most comprehensive list of financial insurance. Which annuities and incremental whole life insurances are worth buying before they are delisted?" 》
So what is it about incremental whole life insurance that is worth buying?
1. Value increase
Increased whole life insurance is different from term life insurance. The insured amount of incremental whole life insurance increases at a certain rate every year, and the cash value also increases. At that time, we Surrender or reduction is related to the cash value.
2. Safe and stable
The value-added value of incremental whole life insurance is relatively stable and safe. Once insured, future income is locked in and is not affected by falling interest rates.
3. Flexible use of funds
Most incremental whole life insurance has the function of adding or subtracting insurance.
To add insurance is to invest spare money into the policy to add value. Brigade; insurance reduction means reducing the cash value of the policy and converting it into cash for use.
Write it at the end:
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