Whole life insurance

Whole life insurance is a policy that is structured to last your entire life, and as long as you keep paying the premiums, the policy will be in force regardless of age and health.  Whole life policies come with a fixed premium, mature at death or the age of 100, and are free of income tax.  Upon the inevitable death of the contract holder, the insurance payout is made to the contract’s beneficiaries. These policies also include a savings component, which accumulates a cash value. This cash value is one of the key elements of Whole Life Insurance. It is possible to borrow against the cash value of your whole life insurance policy; however, you do pay interest to the insurance company on this loan.

Sgroi Financial employs an Insurance Specialist who can help you choose the best Life Insurance for your legacy planning.

Discuss your investment needs with us today.

Call us at 716-674-6700 or send us an email