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Life Insurance Cash Value Usage

Having life insurance in place to protect one’s loved ones and assets is not an unfamiliar idea to most clients. Now, Grandtag Financial strives to illustrate the other benefits of maintaining such a policy.

Once a life insurance policy is kept in effect for seven years or longer, and meeting other requirements, it may be eligible to obtain a coverage increase up to 25% of its original amount, based on its cash value. Alternatively, the cash value may be leveraged for investment purpose, so as to capitalize on the original gains.

Given the complexity of this concept, clients are strongly advised to see an expert for a detailed consultation. Grandtag Financial senior advisors will be available to provide such guidance.