There are many types of insurance available to protect different things in your life, but life insurance may be one of the most important for families to have. If you need life insurance, call us at Nest Insurance Agency in Amarillo, TX to talk to an agent about your life insurance needs. 

Insurance for Life

A whole life policy is called this because it lasts for your whole life. Once you are insured, this policy will stay in place for the rest of your life as long as you keep on paying the premiums. It’s usually a little more expensive than a term life policy. This is because it covers you no matter what your age. It’s a great way for the elderly to keep life insurance instead of being turned away for their age. If you can get a whole life policy when you are relatively young, you are more likely to qualify for this life insurance and to pay a reasonable amount for the coverage. Those monthly premiums never change as you get older. 

Cash Value

What really excites many people about whole life policies is that these policies earn a cash value amount. As long as the premiums are paid, it will slowly build a cash value, and you can then borrow against that if you have a financial emergency. Once an amount has been borrowed, it must be paid back. If the insured person dies without it all being paid back, the outstanding amount is deducted from the death benefit. 

Life Insurance

If you need a life insurance policy and are interested in whole life coverage, call us at Nest Insurance Agency in Amarillo, TX to make your appointment with an agent.