Many financial experts agree that right now is the best time to purchase a permanent or term life insurance policy. Beyond the usual death benefit, life insurance policies today provide several choices with flexibility in financial planning. The economic recession startled Americans and truly showed many holes in people’s financial strategy.

As people live longer and longer, unfortunately many Americans have neglected to plan for their future. To them, life insurance is unnecessary and equated only with the death benefit. Life insurance is forgotten as the country worries about high unemployment. However, many people fail to see the flexible cash liquidity and other assets offered by life insurance plans.

A term life insurance policy offers flexibility for a specified term. Unlike a term life insurance policy however, a permanent policy provides actual cash value to consumers that only goes up over time and is tax-deferred.

Built to offer value for the lifetime, permanent life insurance provides equity similar to owning a home with additional benefits such as liquidity and flexibility. A liquid cash fund gives you access to cash to use when you need it in whatever way you need it – whether it is to start your own business, pay for your child’s college education or offer retirement income. A permanent life insurance plan also is flexible over time and can be used to pay for estate taxes and funeral expenses, fund living expenses for dependents or leave behind a legacy.

Life insurance is important to include in your financial planning. Permanent life insurance can give you both liquidity and financial security with lowered risks. Be sure to choose a company that has enough experience to assist you through this process.