Reader’s Question:

Will I have a say on where to invest my life insurance funds in Jacksonville Florida FL?

Melissa

Jacksonville, FL

This is a very interesting question, Melissa, and one that can be crucial to your decision. Depending on the type of life insurance that you will buy in Jacksonville Florida FL, you may or may not have a say on where they will be investing your money.

You are aware, I presume, that there are the traditional life insurance and the non-traditional life insurance? Traditional life insurance such as term life and whole life, gives a fixed death benefit. Whole life and universal life generates cash value, and whole life cash values will generally be lower than universal life insurance. Universal life insurance funds are invested in high-yielding stocks, and this is where you can dictate where the investments will be. If you purchased whole life and term life, you will not have any say in where your money goes but will be given fixed cash value, and of course the guaranteed death benefit.

If you really want to have a say in your investment, and I have to say that this is highly remarkable of you, you should definitely purchase universal life insurance. There will be many insurance companies in Jacksonville Florida FL who will offer universal life insurance policies, Melissa, and you can find five proposals from this page by entering your zip code.

Tags: life insurance benefits, life insurance options, life insurance investment