Whole life insurance policy

Whole life insurance policy

Term life versus whole life insurance

Whole Life Insurance Policy – Is It Right for You?
By Jessica Farrell

Unlike term life insurance policies which only insure you for a certain period of time, whole life insurance policies cover you for life. These insurance policies are ideal if you want coverage for the duration of your life and are excellent options if you are looking into long-term goals.

Whole life insurance policies usually offer level premiums for life, which means your premiums won’t increase as you get older. You may want to purchase a whole life insurance policy at a young age and enjoy the level premium for the rest of your life.

You can sometimes earn dividends from your whole life insurance policy, which means that you will receive a returned portion of your whole life insurance premium if the actual life insurance costs end up being less than what was figured when the premiums were set.

Whole life insurance policies accumulate tax deferred cash value, and the amount of cash value that is accumulated depends on the type and size of your whole life insurance policy, as well as the length of time you have had the policy. The cash value is available to you should you decide to surrender your whole life insurance policy, which is an option that is extremely helpful if you should encounter an emergency situation. You may also borrow the money as a policy loan at the interest rate of your insurance’s current policy loan; however, the amount of money borrowed also reduces the cash surrender value as well as the death benefits.

Life insurance, just like health, auto, and home insurances, is important. You want the best coverage at the most affordable price. Before you decide on a life insurance policy, you need to consider the premium, coverage duration, death benefits, and cash values of all life insurance options. Since whole life insurance policies offer level premiums, lifelong coverage, and tax deferred cash values that increase the worth of the benefits, many people choose to purchase a whole life insurance policy.

View our Recommended Life Insurance Company, a simple site that has an easy to fill out application. It also has a lot of great info about Home Insurance and Car Insurance

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Whole life insurance explanation

Whole life insurance explanation

Whole life insurance definition

Whole Life Insurance Explanation -- What Is It?
By Elizabeth Newberry

There are basically two main kinds of life insurance policies – term life insurance, and whole life insurance. Of course, there are subcategories of each kind, but, in general, term life insurance and whole life insurance are the two main categories of life insurance.

Most of us are familiar with term life insurance, as it tends to be the more popularly chosen of the two. It is less expensive, and it only lasts for as long as you need it to. However, not many of us are familiar with whole life insurance. We need a whole life insurance explanation. What exactly is a whole life insurance policy?

Whole life insurance is life insurance that covers you for the entirety of your life, as opposed to term life insurance which only covers you for a certain number of years. With a whole life insurance policy, your beneficiary will receive a death benefit. Sounds pretty standard, right? Well, whole life insurance policies also offer you the option of fixed premiums, which means you will pay the same amount for you whole life insurance policy for the entire time you have it, as long as you faithfully keep up with payments. Your premiums will not increase! You can withdraw money from your policy at anytime without paying it back, and you can even choose to receive dividends that can be paid toward reducing your payments.

Yet, even with all of those great benefits, there are some drawbacks to having a whole life insurance policy. For example, the “investment component” that comes along with a whole life insurance policy is not always what it is cracked up to be. Whole life insurance policies are no account flexibility. This means you can not spread your money among different accounts, nor can you move your money from one account to another. Whole life insurance policies also will not allow you to invest your money into different accounts.

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Whole life insurance cost

Whole life insurance cost


Whole life insurance Canada

Term Life Insurance Rates
By Max Bellamy

A term life insurance covers a person for a substantial period of life, such as ten, twenty or thirty years. A person has to pay premiums, or insurance rates, on the term life policy during this period. Supposing the person dies within the life of the policy, then the value of the policy is provided to the beneficiary.

Term life insurance policies have a serious disadvantage. If the person remains alive when the policy tenure comes to an end, there can be no claim. There will be no monetary benefits at the end of the term. This implies the money paid as premiums is wasted.

A term life insurance policy can be made for a period of one to hundred years. If it is a one-year policy, then the cost of coverage is greater. If the policy is extended, then the cost of coverage rises. In general cases, a term life insurance policy can be taken until a person reaches 75 years of age. For policies going beyond that period, the term insurance rates or premiums are considerably higher, and it makes better sense to select a whole life insurance policy.

There are many kinds of term life insurance policies based on the coverage they provide. Of these, the five popular types are flat rate cover, decreasing cover, family income benefit, increasing term assurance and convertible term assurance. The flat rate cover is the most popular, as it has a fixed value of term insurance policy rates that are determined from the beginning.

There is a provision to convert a term life insurance policy into a whole life insurance policy later on. This depends on the state of your health. If one upgrades, then the whole life insurance rates are much higher than the term life insurance rates.

Life Insurance Rates provides detailed information on Life Insurance Rates, Term Life Insurance Rates, Insurance Life Policies, Whole Life Insurance Rates and more. Life Insurance Rates is affiliated with Whole Life Insurance Quotes.

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Whole life insurance companies

Whole life insurance companies

Whole life insurance versus term life insurance

Life Insurance Company Reviews
By Max Bellamy

Life insurance companies promote two types of life insurances. They are whole life insurance and term insurance. Whole life insurance is when the time covered is the entire life and the premium is calculated accordingly. In case of term insurance, the insurance policy is taken for a fixed time of five, ten or fifteen years. The policy is covered for only that definite time and the beneficiaries are given the sum assured if the insured dies during the term of the policy.

The premiums in case of whole life insurance are generally steep whereas they are more affordable in case of term insurance. Term insurance is generally the choice of people who are young, without any major ailments and are on a budget and cannot afford the premiums of whole term life insurance. After the completion of the term, it is possible to convert term insurance into other type of life insurance.

Life insurance agents are hesitant about promoting set term insurances as their commission is much less in case of term. It is of grave concern that there have been a few failures by life insurance companies in the recent past. Even though the percentage of companies that have failed is very small and most of the customers have eventually received their entitlement, the delay and the inconvenience to policyholders has been extensive. It is advisable to deal with only financially strong companies.

Life insurance company reviews are found on the net and various financial magazines. It is advisable to always take reviews with a pinch of salt as they could be biased. Most of the people writing about the companies are generally employees. It is necessary on the part of the insurer to carry out a proper study and not take any of the reviews at face value.

Low Cost Life Insurance provides detailed information on Low Cost Life Insurance, Low Cost Term Life Insurance, Low Cost Whole Life Insurance, Low Cost Life Insurance Quote and more. Low Cost Life Insurance is affiliated with Low Cost Family Health Insurance.

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Whole life insurance benefit

Whole life insurance benefit

Whole life insurance versus term life insurance

Whole Life Insurance Guide 101
By Mansi Aggarwal

Contrary to the term life insurance that covers only a segment of the insurer’s life, whole life insurance offers coverage the individual’s entire life. Though the death benefit and premium remains the same in both the cases, with whole life insurance cash value is built as a return on a part of your insurance premiums that the insurance company invests. Your cash value is tax-deferred till withdrawal and you can even use it for borrowing.

The other difference between the two policies is that in whole life insurance a part of insurance premium money is allotted to your cash value, which could be used to pay off your entire insurance policy in few years. Even then till the time you decide to alter your insurance premium, it continues to be the same. Along with tax savings the whole life insurance also offers a significantly less rate of return.

Whole life insurance serves you with several options. The traditional or conventional whole life insurance provides you a guarantee of minimum rate of return on your cash value part. While the interest sensitive whole lie insurance offers better death benefit without any change in your insurance premiums.

For people with large sums of money and willing to buy an insurance policy upfront, single premium whole life insurance is a perfect choice. Akin to the other types of whole life insurance the single whole life insurance option too gathers cash value with same tax cover on returns.

Whole life insurance has an edge over other types of insurance in several ways. Whole life insurance offers a guaranteed coverage to the extent of the necessary premiums being paid. The whole life insurance lasts long till the retirement or death of the policyholder. Thus this insurance is also the first choice of all those who wish to cover long term needs such as pensions and final expenses or for protecting financial assets. It also provides the opportunity of building up cash value and to take loan from your insurance company on your insurance policy if you desire. Generally death benefit from insurance is devoid of any tax.

All in all the whole life insurance is a protection cover for your dependents while building cash value account. In case whole life insurance the insurance company manages policies of various accounts. The company pays a death benefit to your designated beneficiary with a low risk cash value account and tax-deferred cash accumulation. The premium of the insurance is fixed once and for all unless you do not quit paying the decided sum of money. You have the choice of receiving dividends of your insurance policy or use that amount to reduce your payments. The option to withdraw from the policy during your lifetime is also at your discretion.

Mansi aggarwal recommends that you visit Whole Life Insurance for more information.

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http://EzineArticles.com/?Whole-Life-Insurance-Guide-101&id=205458

Whole life insurance

Whole life insurance


Whole life insurance canada

Whole Life Insurance Rate – Cash Value Benefits
By Elizabeth Newberry

Aside from the fact that a whole life insurance policy will insure you for the rest of your life, one of the main reasons people choose to purchase whole life insurance policies is because of the cash value they accumulate. If you’re interested in having a life insurance policy that will not only provide financial assistance to your beneficiary in the event of your death, but will also provide you with financial assistance while you’re still alive, you should look into your whole life insurance rate.

It’s true that a whole life insurance rate tends to be more expensive than a term life insurance rate; this is why many people call term life insurance policies the most popular life insurance policies. However, a whole life insurance rate is higher for a reason; a whole life insurance policy will offer its policyholder benefits and options that a term life insurance policy won’t. One of those benefits and options is the cash value.

Cash value isn’t the same as face value. Face value is the amount of money your beneficiary will receive in the event of your death. Cash value is the amount of money that you can access while you’re still alive. Why would you want to access money from your whole life insurance policy while you’re still alive? And what does this have to do with your whole life insurance rate?

There are several reasons for wanting to access money from your whole life insurance policy while you’re still alive. You may want to take a loan against it to pay for an emergency, or, you may just want to cash it in before you die to enjoy the savings. Plus, if there’s enough money accumulated in your whole life insurance policy cash value, you can use it to pay toward your whole life insurance rate; this is especially helpful should you find yourself or your family experiencing financial burden.

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What is whole life insurance

What is whole life insurance


Whole life insurance defenition

Whole Life Insurance Explanation -- What Is It?
By Elizabeth Newberry

There are basically two main kinds of life insurance policies – term life insurance, and whole life insurance. Of course, there are subcategories of each kind, but, in general, term life insurance and whole life insurance are the two main categories of life insurance.

Most of us are familiar with term life insurance, as it tends to be the more popularly chosen of the two. It is less expensive, and it only lasts for as long as you need it to. However, not many of us are familiar with whole life insurance. We need a whole life insurance explanation. What exactly is a whole life insurance policy?

Whole life insurance is life insurance that covers you for the entirety of your life, as opposed to term life insurance which only covers you for a certain number of years. With a whole life insurance policy, your beneficiary will receive a death benefit. Sounds pretty standard, right? Well, whole life insurance policies also offer you the option of fixed premiums, which means you will pay the same amount for you whole life insurance policy for the entire time you have it, as long as you faithfully keep up with payments. Your premiums will not increase! You can withdraw money from your policy at anytime without paying it back, and you can even choose to receive dividends that can be paid toward reducing your payments.

Yet, even with all of those great benefits, there are some drawbacks to having a whole life insurance policy. For example, the “investment component” that comes along with a whole life insurance policy is not always what it is cracked up to be. Whole life insurance policies are no account flexibility. This means you can not spread your money among different accounts, nor can you move your money from one account to another. Whole life insurance policies also will not allow you to invest your money into different accounts.

Affordable Car Insurance

Home owners Insurance

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Low cost whole life insurance

Low cost whole life insurance


Term life versus whole life insurance

Term Life Insurance vs. Whole Life Insurance – What's the Difference?
By Elizabeth Newberry

Whether you’re simply considering purchasing a life insurance policy, or have already made the decision to purchase a life insurance policy, it’s important to know the difference between a term life insurance policy and a whole life insurance policy. Knowing these differences will help you choose the best life insurance policy for you.

The most recognizable difference between term life insurance policies and whole life insurance policies is the fact that a term life insurance policy will cover you for a certain number of years, whereas a whole life insurance policy will cover you for your entire life. If you’re only looking for life insurance coverage for a specific amount of time, a term life insurance is probably your best bet. However, if you wish to be insured for the rest of your life, you should purchase a whole life insurance policy.

Another difference between term life insurance policies and whole life insurance policies is that whole life insurance policies offer a tax-deferred accumulated cash value. This acts as an investment component. Some people are interested in the ability to invest using their life insurance policies, so they choose to purchase a whole life insurance policy. However, if you use other methods of investment, a term life insurance policy is probably the best for you.

A third difference between term life insurance policies and whole life insurance policies is the difference in price. Term life insurance policies are generally cheaper than whole life insurance policies; however, whole life insurance policies often offer fixed annual premiums, so you won’t have to worry about your rates increasing if your health begins to deteriorate. Most term life insurance companies will raise your premiums based on the current condition of your health, as well as your age.

So, when you begin your search for the perfect life insurance policy, take these differences into consideration and decide which type of policy is best for you.

Visit My Quote Guide to get a fast life insurance quote.
They also provide an explanation of the benefits of a term life insurance policy.

For all your insurance needs visit our recommended company and get a
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Instant whole life insurance quote

Instant whole life insurance quote


Whole life insurance vs term life insurance

Instant Whole Life Insurance Quotes
By Alison Cole

A whole life insurance policy is a good long term investment vehicle if you are not planning to benefit from it yourself, unless you know that you will live until you are 100 years old. Whole life insurance policies terminate when you reach your 100th birthday, after which you will receive cash equivalent of the policy. But a whole insurance policy is meant to cover your hospitalization and medicine expenses caused by illnesses, accidents, or your death. You may borrow from it, though, and the loan may be paid for by your premium. You may also wish to cancel it and obtain the cash value of your payments.

If you are interested, you may access any of the insurance broker Web sites and request an instant whole life insurance quote. The quote you receive may not be the exact amount you will pay in premium once you do obtain the policy. The quote is based primarily on the information you provide the insurance company.

You will need to disclose your birth date, including the year. This is because the amount of your premium largely depends on how many more years you can actively contribute to your insurance plan. The younger you are, the lower your contribution will be compared to people older than you. The health and death risks will also be factored in the equation. And of course, the amount of coverage or policy also dictates how much you need to contribute. A smaller policy will not be too hard on your pocket. So choose wisely— know how much will keep your benefactors cushioned against the financial implications of your death.

If it is investment with a return you can enjoy during your lifetime that you are looking for, you may be better off with term insurance policies and other vehicles with shorter life spans and maturity.

Whole Life Insurance Quote provides detailed information on Whole Life Insurance Quotes, Instant Whole Life Insurance Quotes, Online Whole Life Insurance Quotes, Whole Life Insurance Rates and more. Whole Life Insurance Quote is affiliated with Whole Life Insurance Policies.

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Compare whole life insurance

Compare whole life insurance

Whole life insurance for children



p>Life Insurance Comparison Precious Advice
By Oliver Turner

When you are ready to purchase a life insurance policy, you are advised to make a life insurance comparison. You should ensure that you are getting the best possible life insurance at the best possible rates. There are different types of life insurance policies available in market with different rates so you are recommended to spend a little time and gather valuable information of the various companies to get the best deal.

During a life insurance comparison, first you have to justify the type of life insurance policy you would like to prefer, whether it is a low cost term life insurance or a universal life insurance. There is a huge difference between these two life insurance policies. Term life insurance is meant only for a short span of time. In case you remain alive after that period, then the term life insurance policy needs to be renewed or you will need to purchase a new one. Whole life insurance or universal life insurance on the other hand lasts for your whole life.

There are lots of whole life insurance companies available online, and it is not difficult to compare the benefits of different online life insurance companies, their quotes etc. If you are in search of a term life insurance then you are advised to request for a minimum of three online term life insurance quotes to compare premiums and settlements offered by each of them.

When you are comparing life insurance policies, the most important aspect is to make a comparison of monthly premiums that you have to pay. The premium should be as low as possible and in case of universal life insurance, the premium depends upon the market conditions.

Only comparisons of premiums are not enough, you should also compare whole life insurance rates with term life insurance rates. The best method for comparison is free life insurance quote. If you are not confident it is advisable to seek help of a reliable insurance agent to get you the right policy.

We offer the best life insurance source. Check it out on Whole life insurance tips and products. All about life insurance on LeanderNet - http://www.leandernet.com

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Cheap whole life insurance

Cheap whole life insurance



Whole life insurance value

How to Get a Cheap Whole Life Insurance Policy
By Brian Stevens

Whole life insurance is a great option if you want the protection of life insurance combined with an investment vehicle. While whole life insurance can be expensive, you'll need to do a little research and planning to find a cheap whole life insurance policy.

Comparison Shop on the Internet

The key to finding a cheap whole life insurance policy is to comparison shop. Don’t just walk into the insurance agency down the street and sign up for the first insurance policy they hand you. In fact, you don’t even need to walk into an insurance agency at all, because the cheapest rates for whole life insurance are available online.

To find a cheap whole life insurance policy online, go to an insurance comparison website. Here you'll fill out a short form with information about yourself, such as ...

* Your age

* Any health conditions you have

* Whether you work in a hazardous occupation

* Whether you smoke

* Whether you have any risky hobbies

* How much insurance you want

The best insurance comparison websites even let you talk with insurance professionals so you can ask questions and make sure you get the best rate for your whole life insurance policy. (See link below.)

Once you submit this form, you'll receive fast quotes from multiple A-rated life insurance companies. You can then easily compare the quotes and choose the whole life insurance policy that's best for you.

Save on Your Whole Life Insurance Quote

In addition to comparison shopping, follow these tips to save on your whole life insurance:

* Sometimes it costs less to buy more insurance. Check the price of several insurance amounts with the same company.

* Live a healthy lifestyle. If you stop smoking and lose weight, you can save up to 50% on your premiums.

* Avoid hidden fees. Many insurance companies charge you to set up an automatic payment plan.

Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to get cheap whole life insurance policy quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written numerous articles on getting a cheap whole life insurance policy.

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http://EzineArticles.com/?How-to-Get-a-Cheap-Whole-Life-Insurance-Policy&id=688305

Buy whole life insurance

Buy whole life insurance


Whole life insurance vs

Whole Life Insurance Policies - Stuff Some Insurers Don't Offer
By Chimezirim Chinecherem Odimba

Whole life insurance policies have standard features. However, some insurers have additional features that are very beneficial. It's a good idea to know what they are so that you can take advantage of those that are in your best interests. Here are features that every insurer may not include in a whole life insurance policy...

1) Where it is provided in the policy or with the prior authorization of the policy holder, an insurer can draw from the cash value to keep the policy in force if you miss a premium payment.

2) You can choose to stop paying premiums after a time by either reducing the level of coverage you get or, where the contract allows, by continuing the policy as an extended term life policy for a given period.

3) You can buy an annuity with the cash value.

4) You may use the policy as collateral to borrow from either the same insurer of a bank.

5) Some whole life policies earn dividends which can be taken in cash, used to buy more insurance or used to pay premiums. Such policies are called "par" or "participating" policies. The dividends are usually not taxable as they are seen as refunds of excess premiums.

I expect that should have seen a few features that will be beneficial to you. So make sure you buy from an insurer that includes those features in your whole life insurance policy.

You can pay far less for whole life insurance by getting and comparing many whole life insurance quotes from reputable insurance quotes sites.

Here are my favorite pages for life insurance quotes...

InsureMe Life Insurance Quotes

Life Insurance Quotes

Publishers can get unique versions of my articles by following any of the links above. Click on "To Use My Articles" when you get to my site.

Chimezirim Odimba writes on insurance.

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Best whole life insurance

Best whole life insurance


Whole life insurance cost

Advantages of a Whole Life Insurance Policy
By David Chandler

To begin with, you need to understand that life insurance falls into two very broad categories: Whole and term. The basic difference between term and whole life insurance is this: A term policy is life coverage only.
In whole life insurance policy, as long as one continues to pay the premiums, the policy does not expire for a lifetime. As the term applies, whole life insurance provides coverage for the whole life or until the person reaches the age of 100. Whole life insurance policies build up a cash value (usually beginning after the first year). With whole life, you pay a fixed premium for life instead of the increasing premiums found on renewable term life insurance policies. In addition, whole life insurance has a cash value feature that is guaranteed. In term and whole-life, the full premium must be paid to keep the insurance.

With level premiums and the accumulation of cash values, whole life insurance is a good choice for long-range goals. Besides permanent lifetime insurance protection, Whole Life Insurance features a savings element that allows you to build cash value on a tax-deferred basis. The policyholder can cancel or surrender the whole life insurance policy at any time and receive the cash value. Some whole life insurance policies may generate cash values greater than the guaranteed amount, depending on interest crediting rates and how the market performs. The cash values of whole life insurance policies may be affected by a life insurance company's future performance. Unlike whole life insurance policies, which have guaranteed cash values, the cash values of variable life insurance policies are not guaranteed. You have the right to borrow against the cash value of your whole life insurance policy on a loan basis. Supporters of whole life insurance say the cash value of a life insurance policy should compete well with other fixed income investments.

Unlike term life policies, whole life insurance provides a minimum guaranteed benefit at a premium that never changes. One of the most valuable benefits of a participating whole life insurance policy is the opportunity to earn dividends. The insurance company based on the overall return on its investments sets earnings on a whole life policy. In addition, while the interest paid on universal life insurance is often adjusted monthly, interest on a whole life policy is adjusted annually. Like many insurance products, whole life insurance has many policy options.

Make sure you can budget for whole life insurance for the long term and do not buy whole life insurance unless you can afford it. You should buy all the coverage you need now while you are younger, and if you cannot afford whole life insurance, at least get Term. That is why whole life insurance policies have the highest premiums it is insurance for your whole life, no matter when you pass on. The level premium and fixed death benefit make whole life insurance very attractive to some. Unlike some other types of permanent insurance, with whole life insurance, you may not decrease your premium payments.

For more information about whole life insurance, visit Whole Life Insurance and Term Insurance

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http://EzineArticles.com/?Advantages-of-a-Whole-Life-Insurance-Policy&id=144660

Affordable whole life insurance

Affordable whole life insurance

Whole life insurance cash value

Help in Finding Affordable Whole Life Insurance
By Angela Farnsworth

Many people need help in finding affordable whole life insurance, as it is extremely important decision to have to make. The following suggestions will make shopping for a whole life insurance policy a much easier process.

The internet is a great place to begin looking for a whole life insurance policy. There are many great websites that could give you life insurance quotes from several different companies at once. Just remember while filling out the initial questionnaire that you answer all questions honestly in order to get the most accurate quote. You should also be sure to follow up with the insurance company to make sure that no further information is needed to process your whole life insurance policy.

If the internet isn’t accessible all you need to do is pull out your phone book and look up that names of local insurance agencies. They can be a great help for those looking to find affordable whole life insurance and most all local insurance companies will be happy to walk you through everything that a whole life insurance policy covers in order to make sure you get the policy that will meet all your unique needs.

Make sure to do some comparison shopping when you are looking to find a reasonably priced life insurance policy. Most people that need help in finding affordable whole life insurance policy need to keep this in mind so they make sure they purchase the best possible policy for the best possible price.

Do not feel by any means that you need to purchase the first whole life insurance policy that is offered to you. Ask plenty of questions and make sure that you understand every last part of the insurance policy. If the insurance agent or insurance company that you are working with are not answering your questions clearly enough or are pressuring you into purchasing a policy that you are unhappy with then move on.

Keep all these tips in mind if you need help in finding affordable whole life insurance. This way you will be able to find the policy that will meet all you needs at the best possible price.

My recommended sites here:

Affordable Whole Life Insurance Quotes

Instant Term Life Insurance Quotes Online

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About whole life insurance...

About whole life insurance...

Benefits of whole life insurance

Whole Life Insurance Explanation -- What Is It?
By Elizabeth Newberry

There are basically two main kinds of life insurance policies – term life insurance, and whole life insurance. Of course, there are subcategories of each kind, but, in general, term life insurance and whole life insurance are the two main categories of life insurance.

Most of us are familiar with term life insurance, as it tends to be the more popularly chosen of the two. It is less expensive, and it only lasts for as long as you need it to. However, not many of us are familiar with whole life insurance. We need a whole life insurance explanation. What exactly is a whole life insurance policy?

Whole life insurance is life insurance that covers you for the entirety of your life, as opposed to term life insurance which only covers you for a certain number of years. With a whole life insurance policy, your beneficiary will receive a death benefit. Sounds pretty standard, right? Well, whole life insurance policies also offer you the option of fixed premiums, which means you will pay the same amount for you whole life insurance policy for the entire time you have it, as long as you faithfully keep up with payments. Your premiums will not increase! You can withdraw money from your policy at anytime without paying it back, and you can even choose to receive dividends that can be paid toward reducing your payments.

Yet, even with all of those great benefits, there are some drawbacks to having a whole life insurance policy. For example, the “investment component” that comes along with a whole life insurance policy is not always what it is cracked up to be. Whole life insurance policies are no account flexibility. This means you can not spread your money among different accounts, nor can you move your money from one account to another. Whole life insurance policies also will not allow you to invest your money into different accounts.

Affordable Car Insurance

Home owners Insurance

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