Call Us (603) 875-1200 Info@MorinAgency.com
Morin Insurance Agency Morin Insurance Agency Morin Insurance Agency
  • HOME
  • GET A QUOTE
    • AUTOMOTIVE INSURANCE
      • GET AN AUTO QUOTE FROM MORIN INSURANCE
      • MOTORCYCLE INSURANCE QUOTE
    • BUSINESS & COMMERCIAL INSURANCE
      • COMMERCIAL AUTO INSURANCE QUOTE
      • GENERAL LIABILITY QUOTE FORM
      • BUSINESS OWNERS (BOP) QUOTE FORM
      • BUILDERS RISK QUOTE FORM
      • LIQUOR LIABILITY QUOTE FORM
      • WORKERS COMPENSATION QUOTE
    • HOMEOWNERS INSURANCE
      • HOMEOWNERS INSURANCE QUOTE
      • MANUFACTURED HOME QUOTE
      • HOMEOWNER FLOOD QUOTE
    • LIFE INSURANCE
      • TERM LIFE INSURANCE QUOTE FORM
      • LIFE INSURANCE QUOTE FORM
    • RENTERS INSURANCE
      • RENTERS INSURANCE QUOTE
  • SERVICES
    • AUTOMOTIVE INSURANCE
      • REQUEST ID CARD FOR AUTO POLICY
      • REQUEST DECLARATION AND COVERAGES PAGE FOR AUTO POLICY
      • ADD VEHICLE TO EXISTING AUTO POLICY
      • REMOVE VEHICLE FROM EXISTING AUTO POLICY
      • ADD DRIVER TO EXISTING AUTO POLICY
      • AUTO ACCIDENT CLAIM FORM
    • BUSINESS & COMMERCIAL INSURANCE
      • REQUEST ID CARD FOR COMMERCIAL AUTO POLICY
      • REQUEST DECLARATION AND COVERAGES PAGE FOR AUTO POLICY
      • ADD VEHICLE TO EXISTING AUTO POLICY
      • REMOVE VEHICLE FROM EXISTING COMMERCIAL AUTO POLICY
      • ADD DRIVER TO EXISTING COMMERCIAL AUTO POLICY
      • REMOVE DRIVER FROM EXISTING COMMERCIAL AUTO POLICY
      • REQUEST GENERAL LIABILITY CERTIFICATE OF INSURANCE
    • HOMEOWNERS INSURANCE
      • Request Declaration and Coverages Page for Existing Homeowners Insurance Coverage
      • Homeowners Property Loss Claim Form
    • RENTERS INSURANCE
      • Request Declaration and Coverages Page for Existing Renters Insurance Coverage
      • Renters Property Loss Claim Form
  • TESTIMONIALS
  • BLOG
  • RESOURCES
    • IMPORTANT LINKS
    • REFER A FRIEND
    • CALCULATORS
  • ABOUT US
    • MEET OUR EMPLOYEES
    • OUR LOCATION
    • PRIVACY POLICY
  • CONTACT
  • Home
  • -
  • Life Insurance
  • -
  • 3 Benefits of Permanent Life Insurance NH
permanent life insurance nh

3 Benefits of Permanent Life Insurance NH

  • April 15, 2021

Thinking about investing in a life insurance policy? Perhaps you aren’t sure if term life insurance or permanent life insurance is right for you? Morin Insurance offers both types and can help quote you a policy to keep you covered for life. Here’s why permanent life insurance in NH might be good for you.

 

 

First off, what is Permanent Life Insurance?

Permanent life insurance provides long-term coverage that will persist and not expire unless the policy is not paid or canceled. With term life insurance policies, your cash benefit is only paid out if the covered person dies during the timeframe of the policy. While policies can be extended or renewed, it is not meant to be a permanent option. Here are three reasons why an NH permanent life insurance may be right for you.

  • You’ll be earning cash value

Unlike term life insurance policies, a permanent life insurance benefit can be borrowed from prematurely. Premiums paid towards a permanent life insurance policy in NH accrue a cash value over time. These can be taken out as a policy loan and used as a cash benefit. Any cash taken from the policy decreases the death benefit by the amount borrowed if not re-invested back into the policy.

  • Tax breaks if you need to borrow

Any cash benefits taken out from your policy early are not taxed as income. That is so long as the amount taken out has not exceeded the amount of money paid in premiums. The cash value of your policy is considered “tax-deferred.”  This means that the policy cash value is not taxed yearly, reducing the value over time. But one thing to think about, if the policy is canceled or unpaid, the loan is then considered taxable income.

  • It lasts a lifetime

With Morin Insurance, as long as premiums are paid and no loans, withdrawals, or surrenders are taken, the total amount of the policy will be paid upon death. If you are looking for a permanent life insurance solution in NH, contact Morin Insurance for more information at (603) 875-1200 or email Info@MorinAgency.com.

 

life insurance CT

prev post next post

Related Posts

life insurance nh

5 Reasons Why You Need Life Insurance in NH

March 15, 2023
home insurance ct

What To Know Before Purchasing Life Insurance

September 25, 2021
life insurance new hampshire

New Hampshire Life Insurance: Knowing Which Policy Is Right For You

March 16, 2021

Categories

  • Auto Insurance
  • Business Insurance
  • Commercial Insurance
  • home insurance NH
  • Home Owner Insurance
  • Life Insurance
  • Morin Insurance
  • Motorcycle Insurance
  • Renters Insurance

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • August 2020
  • June 2020
  • April 2020
  • February 2020
  • December 2019
  • November 2019
  • October 2019
  • March 2019
  • February 2019
  • January 2019

Our Blog

life insurance nh
15 Mar, 2023 Life Insurance

5 Reasons Why You Need

If you are a resident of NH and you are wondering whether you should get

business owner insurance
15 Feb, 2023 Business Insurance

New Year, New Business Goals

With the New Year upon us, many people focus on achieving new goals. For some,

commercial insurance nh
15 Jan, 2023 Business Insurance

3 Types of Commercial Insurance

Commercial insurance protects businesses from various potential risks. Businesses can purchase several types of commercial

Read More

At Morin Insurance Agency, we have not forgotten what brought us to where we are today. We continue to take our time with each customer. Contact us Today!

Contact Us

Phone :  (603) 875-1200
Fax Number: (603) 875-1201
Email: info@morinagency.com

Follow Us

Facebook-f Linkedin

Hours

SAT-SUN CLOSED
MON-THURS 8:30 – 5:00
FRI 8:30 – 4:30

Get A Quote Today

Location

24 Mount Major Hwy
Alton Bay, NH 03810

P.O. BOX 1372
Alton NH 03809

IMPORTANT LINKS

  • Contact Us
  • Get A Quote
  • Read Our Blog
  • About Us
Website by Search

Copyright © Morin Insurance Agency 2020.  All Right Reserved