Invest in your future with The Oak & Coast

   While insurance primarily serves as a means of protecting against financial risks and uncertainties, certain types of insurance policies can also offer opportunities for investment. For instance, permanent life insurance policies like whole life or universal life accumulate cash value over time, which grows on a tax-deferred basis. Policyholders can access this cash value through policy loans or withdrawals, providing a source of supplemental income or a way to finance major expenses such as education or retirement. Additionally, some insurance policies offer dividends or investment options within the policy, allowing policyholders to participate in the financial markets and potentially earn additional returns.

   Furthermore, insurance-linked investment products, such as annuities, offer individuals a way to invest for retirement while also providing insurance protection. Annuities provide a steady stream of income during retirement, either for a specified period or for the rest of the individual's life. Depending on the type of annuity, individuals can choose between fixed, variable, or indexed annuities, each offering different levels of risk and potential return. By incorporating insurance products into their investment portfolio, individuals can diversify their assets, mitigate risk, and achieve long-term financial goals while also safeguarding against unexpected events.