Benefits of life insurance as you get older

Stanley Insurance Group is here for the families in our greater Hilliard, OH community. If you are no longer the parent of young children, there are still several benefits to having a life insurance policy.

The benefits of life insurance can last a lifetime

Typically, people think of life insurance as protection if a parent of a young child has an untimely death. While it’s essential to have life insurance during that phase of your life, the benefits do not end as your children grow older. 

This is especially true when you opt for a permanent policy. Even term policies can provide benefits for your entire life, as they will help to defray the cost of burial and other end-of-life expenses.

With a permanent policy, you will have additional benefits. Yes, the death benefit is there for the policy’s life, but that’s not all. Many of these types of policies accumulate cash value when the policy is in place. These funds are available for you to use during your lifetime. 

For example, if you are looking for a way to pay for your child’s college tuition, you can potentially access the funds contained within the policy. You may accumulate funds and have them available for other living expenses such as a down payment, picking up the bill for a child’s wedding, or making your retirement more comfortable. 

Give us a call today!

If you are a resident in the greater Hilliard, OH area, you can turn to Stanley Insurance Group for all of your insurance needs. Our team is here to answer all of your questions and help you find the coverage that you need. Call us today or stop by our office to find out more.