Click to Call
Get Directions
Bowie, Maryland has it all. We have easy access to the sports, entertainment and fine-dining options of Washington and even Baltimore, yet we are self-sustaining with our own amenities and services. Need quality healthcare? We have it. Schools? We offer solid public and a wide choice of private schools. We have our own shopping, parks and financial institutions. But if you are looking to borrow money, there may be an option even closer than one of Bowie’s banks.
Your life insurance policy could be the source for needed funds. You see, many life insurance policies, in particular whole life policies, build value the longer you have them. That means these policies will not only protect your loved ones in the event of your death, but they have a cash value that can be accessed while you’re living. To make it even more valuable, many policies have very attractive low interest rates for borrowing the money. These funds can be very handy and easily accessible in cases of emergencies or opportunities.
Should you die before paying the money back, the amount of your loan and any interest will be deducted from the face amount of the policy upon your death. Some view this cash value as a good way to force themselves to set money aside. If you don’t need it, you still have important life insurance coverage. If you do, it can be very helpful.
If you would like to know more about whole life insurance and how it can help you prepare for the future contact us. We are an independent insurance agency who can help you compare from multiple companies to make the choice appropriate for you. If you are in search of homeowners or auto insurance, we offer a convenient way to compare policies right from our website. Give it a try. We look forward to serving you.