Some people look for cheap term life insurance policy to cover their basic needs should they die prematurely. This is fine. However, there is a certain percentage of people who are utilizing a life insurance contract in a much more consequential way, and this type of policy include not only premium and death benefit, but also cash value.
Advanced planning plans will most likely require a very knowledgeable agent, and both a tax and financial professional, to ensure the long-term benefits are properly organized, especially when used for something other than permanent death benefit. Contact us to learn how Pacific Wealth Solutions can help.