Permanent Life Insurance is a more expensive option to insuring a life, but with additional benefits. Premiums for Permanent Life Insurance include the cost of providing a financial benefit for an individual in the event the person were to die, but also may build a tax deferred cash value within the policy at a “guaranteed” minimum rate of interest. These policies are used for many reasons.

One benefit is that there is no specified term as there is with Term Life Insurance. This can prevent a person from out living their policy. Permanent Life Insurance can also be used as an additional wealth building tool because of the guaranteed minimum rate of interest and the tax deferred cash growth. Please contact us to find out more about what type of life insurance is right for you. We are located in Northern California but can serve your insurance needs regardless of your location in California. Call us at 877-670-7526 or e-mail us at info@CochraneInsurance.com.