Most people see life insurance as a necessary expense. Pay premiums, get protection. But what if your life insurance could actually help you build wealth while you’re alive?
That’s where participating life insurance comes in.
More Than Just Protection
Unlike term insurance that disappears when the term ends, participating life insurance is yours for life. But here’s the kicker: it builds cash value you can actually use.
Need money for an emergency? Borrow against your policy. Want to fund your kid’s education? Tap into your cash value. The money grows tax-free inside the policy, and your beneficiaries receive the death benefit tax-free when you’re gone.
The Dividend Difference
With participating life insurance, you share in the insurance company’s success. When their investment account performs well, you may receive dividends. These aren’t guaranteed, but once credited to your policy, they’re yours.
You can take those dividends as cash, use them to buy more coverage, or reduce your premium payments. Your choice.
The Bottom Line
Participating life insurance costs more upfront than term insurance. But it’s not just insurance, it’s a financial tool that works whether you’re here to enjoy it or not.
If you’re looking for lifelong protection that also builds wealth with tax advantages, it might be exactly what you need.
Want to see if participating life insurance fits your financial strategy? Let’s talk about how this tool could work for your unique situation.
Contact HGA Wealth to explore your options.
