SOUTH TEXAS INVESTORS CLUB,LLC dba, INTEGRITY FINANCIAL GROUP
INTEGRITY FINANCIAL GROUP
"INTEGRITY IS CHOOSING YOUR THOUGHTS AND ACTIONS BASED ON VALUES RATHER THAN PERSONAL GAIN."
ANNUITIES*ALTERNATIVE INVESTMENT * LIFE INSURANCE * WEALTH TRANSFER*CD'S
YES,LIFE INSURANCE AS AN INVESTMENT
Making the Right Choice
Whole life insurance is a type of policy that builds value over an extended period of time. In other words, it's not just basic life insurance - it's an investment product, too. It makes sense for younger folks to buy such coverage, since they are more likely to have several years worth of opportunities to make their policies grow. Even if you are an exceptionally healthy senior citizen, the fact remains that it's simply not practical to tie your money up into this type of policy. Premiums tend to be higher; the amounts that you contribute probably won't bear fruit for at least ten or fifteen years.
Once you're satisfied that term life insurance is right for you, the next step is buying an actual policy. As noted above, one of the biggest drawbacks of whole life insurance is that it involves a large out-of-pocket expense that doesn't pay off for a considerable amount of time. Term senior citizen life insurance does not involve an investment situation; it is cut-and-dried life insurance. Due to your advanced age, you should still expect to pay higher premiums than younger people; prices can vary considerably, though, so get as many quotes as possible.
Whole life is a type of life insurance contract that provides insurance coverage of the contract holder for his or her entire life. Upon the inevitable death of the contract holder, the insurance payout is made to the contract’s beneficiaries. These policies also include a savings component, which accumulates a cash value. This cash value is one of the key elements of whole life insurance.
Our Guarantee, Always
If you have questions or see any issue with the way things are done, just say so. We believe in open communication. Just let us know what’s on your mind. Whether it’s a simple conversation or taking an entirely new direction, the important thing is that you remain confident.