Whole Life Insurance
Whole Life is a great solution for young adults just beginning an insurance program and families who need protection while saving for the future. Whole life is the most common type of permanent insurance. The premiums generally remain constant over the life of the policy and must be paid periodically in the amount indicated in the policy. As long as the policy remains in force, it provides protection for your "whole life."
Whole Life provides a guaranteed premium for issue ages of 0 to 75, and a face amount as low as $5,000. Most whole life policies provide coverage to age 100. If the insured lives to age 100, then the policy endows with a cash value equal to the face amount of the policy. The cash value can help them with future life events; to pay a mortgage ahead of schedule, finance a college education or supplement a retirement income. Plus, the death-benefit proceeds offers cash at the time when it's most needed. You can also choose to name as your beneficiary a church, college or other charitable organization
Illinois Mutual's whole life policies are participating, which means that dividends credited may be used in three ways: to reduce future premiums; to purchase additional insurance; or to increase policy values by accumulating at interest.
Included is an Accelerated Death Benefit* at no additional premium. This Rider provides access to policy funds for financial needs that arise from a terminal illness.
Ted Lewicki is the president of Pillar Financial Corporation located in Waterford, Michigan. Ted will help you analyze your financial situation and customize a plan that works for your family's life insurance needs. Find out more at http://www.pillarmortgage.com/
Servicing: Oakland County, Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak,
Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom
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