CARTOONS BY CHRIS BRITT

– LIFE INSURANCE –
Life Insurance can be a valuable tool to protect your family, but did you know that you
can use it to fund your business? Through a whole life insurance policy, you can get
both insurance and an
investment component.
The insurance component
pays a stated amount upon
death of the insured. The
investment component
accumulates a cash value
that the policyholder
can withdraw or borrow
against.
A whole life policy
is more expensive than
term insurance but has
no expiration date. The
term lasts the lifetime of
the insured as opposed to
the cheaper option, term
insurance, which lasts only A Purple Heart just proves that you were smart enough to think
for a specific term. While of a plan, stupid enough to try it, and lucky enough to survive.
the monthly premiums
may be higher, the money paid into the policy that is beyond the death benefit is invested
by the life insurance company, creating a cash value after a few years.
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