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Whole Life Insurance Benefits

Whole life insurance is permanent insurance that remains in effect for the "whole" life of the insured. Along with the death benefit that is paid to the beneficiary, it has a cash value component. A portion of the premium is invested, regardless of whether is it paid in multiple ...

Why Should I Buy Whole Life Insurance

For generations a debate has raged on over whether it’s best to buy whole life insurance or to buy term life insurance and “invest the difference”.  Proponents of each method are adamant in their positions and both offer sound reasoning in their answers.  But, for ...

Define Whole Life Insurance

To define whole life insurance, one first needs to define permanent life insurance. A permanent life insurance policy is one that is in force permanently. Whole life is often defined as insurance that is in effect for a person's "whole life". This is unlike term life insurance, ...

Who to Buy Whole Life From

With all of the varieties of life insurance to choose from, it is important for  prospective buyers to have a clear understanding of their own personal financial situation so they can select the type that best suits them.  Term policies are ideal for people who need life insurance ...

Guaranteed Whole Life Insurance

Whole life insurance provides insurance coverage and the potential for cash accumulation for the life of the policy owner. Guaranteed whole life insurance charges level premiums as long as the policy is in force. That means that as long as the insured pays the premiums as scheduled in the ...

What is Whole Life Insurance

Whole life insurance is permanent insurance. It is designed to provide insurance coverage for the life of the insured. Provided premiums are paid according the contract, a whole life insurance policy remains in force until it matures. Maturity most often occurs when the death of the ...

Advantages of Whole Life Insurance

Although it can be expensive, the advantages of whole life insurance are often very appealing. With various uses of its cash value mechanism, whole life insurance can do more than just provide ...

Whole Life Insurance Policies

Life insurance policies fall into two categories: Term and permanent. Term life insurance policies are purchased for a specified amount of time. The term can range from as few as two to as many as 30 years, depending on the age of the insured. Permanent policies, on the other hand, are ...

Term Life vs. Whole Life

Evaluating term life vs. whole life insurance is like comparing a truck and a car.  Yes, both are automatic vehicles that go from place to place on four wheels. But the real comparison is in what these items do; one’s primary purpose is to carry passengers, and the other’s is to carry ...

Guide to Buying Whole Life Insurance

In the early days of the modern insurance industry, all life insurance policies were variations of term life. However over time it became apparent that term life insurance had one glaring drawback: people often outlived the term of the policy and had nothing to show for it afterward. Indeed ...

Term Vs Whole Life Insurance

No one is really sure when it started but it seems as though the debate about which type of life insurance is best—whole or term—has raged since the creation of insurance itself. Each has their passionate adherents and they make valid points in their defense. So who is right, ...

Term or Whole Life Insurance

There is an important choice to be made for families seeking the protection of life insurance. The decision is whether to purchase term life insurance or whole life insurance. First, it is important to understand the similarities and differences between the two. ...

Whole Life vs Term Life

Comparisons between term life insurance and whole life insurance began as soon as whole life was invented. Term insurance was the original form of life insurance. The insurance contract, or policy, has a specified, limited duration. The premium rate paid by the policyholder closely tracks the ...

Whole Term Life Insurance

As the name implies, whole term life insurance is an insurance contract designed to remain in force for the whole life of the insured. It is the most basic form of permanent insurance. In addition to its guaranteed death benefit, whole life offers level lifetime premiums and a cash value that ...