Reason 3/8 For Purchasing Life Insurance



Purchasing life insurance is a big decision. Life insurance companies are featured online every day, however Monumental Life Insurance gives you more options. When it comes to purchasing life insurance, you need a company that’s able to give you what you want at the rate you can afford.

It’s an expense you can’t afford not to take on. You need it to ensure your future. One of the lesser known reasons for purchasing life insurance is that you can use it to supplement your retirement. You can take on a cash policy that would allow you to cash in your policy should you need it.

Life insurance provides for your loved ones in the event of your death and ensures that there is money for funeral expenses, which is great. However, it’s called life insurance for a reason. It can be used while you’re still living.

One of the best ways to set yourself up for the future is to have multiple life insurance policies. Each one can offer different benefits with different costs associated with them. Whole life is guaranteed. While you can’t change up the monthly payment, you’re on a set budget and give you several options upon the end of the contract. There are other options that give you a variable monthly payment or other benefits.

Your retirement fund is not guaranteed. With today’s economy, there’s talk that Social Security won’t exist in twenty years. Pension plans are disappearing from even the largest of companies. 401(k)s seem to be performing worse and worse every year. So now what?


That’s why purchasing life insurance plans are so important to your future. These will continue to grow as you contribute to it. You can either use it for your death or for your life. So whether you need it to supplement your retirement because life changed or an emergency has taken place and you need the money – a cash policy will allow you access to all of the money you’ve put into the policy. Whatever it’s worth is suddenly at your fingertips to use.

Once you’ve reached retirement age, you don’t want to work. Not if you don’t have to, anyways. And since retirement funds aren’t guaranteed, there are not many choices. The stock market is volatile, so many people don’t want to invest their hard-earned money on the market. So a cash life insurance policy that will protect you when you’ve retired or are disabled seems like the best answer.

Finding an insurance policy to fit your needs is available through Monumental Life because of the varieties. Regardless of what you want the policy to ultimately take care of, it’s there, giving you choices and benefits for a competitive price in an economy where pricing and security means everything.