Unlike term plans, there is no ending to a permanent plan no matter how old a policy holder gets. By paying the monthly premium, loved ones will receive the amassed cash value or investment options
New York, New York (PRWEB) August 06, 2013
Lengal Financial today advises Ohio residents of Permanent Life Insurance policies that ensure a lifetime of protection with policies that will never end and offers tax free cash values and investment options. Business Review today commends Lengal Financial’s efforts to provide Ohioans with continued support after the passing of a loved one and recommends the firm as a top provider of Columbus Life Insurance.
“Unlike term plans, there is no ending to a permanent plan no matter how old a policy holder gets. By paying the monthly premium, loved ones will receive the amassed cash value or investment options depending on which policy they chose,” says Frank Lengal of Lengal Financial. “Our Permanent Policies guarantee that a policy holder’s loved ones will still be taken care of upon their passing. Life Insurance with Lengal Financial is very reasonable, and the earlier you start the less your monthly rate will be.” Lengal Financial’s Permanent Policies Include:
- The Universal Life policy: Offers coverage until death and flexibility on monthly payments. A policy holder’s accumulated cash is not taxed, and holders can alter a policy and premium as lifestyles change. Cash can also be withdrawn from the policy.
- The Variable Universal Life policy: Similar to the Universal Life plan, however instead of cash value accumulating with the amount of time spent paying the premium, policy holders have investment options for the cash value (which also grows cash value tax-deferred), and the potential to increase the value by playing the market. Most importantly, there are also options to ensure that the policy will not fail, even if the cash value decreases with investments.
- Whole Life permanent policy: A reasonable premium is set and is locked so it can never change. Because of this, the benefit amount may not be as large as the other permanent policy plans. Lastly, the cash value increases interest at a fixed rate that cannot fluctuate anywhere near the amount that The Variable Universal Life policy potentially could.
Lengal Financial a division of Allstate Insurance was founded in 2003 and has over 70 years combined insurance experience. Types of insurance offered are, home, auto insurance, business, life insurance, motorcycle insurance, personal boat, personal liability, landlord, renters and accident forgiveness. Lengal Financial is available online by visiting, http://columbusinsurance.org/.
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