Whole Life Insurance

Finding the right whole life insurance policy for you

admin — Wed, 02 Jul 2008 07:58:54 -0500

Life insurance can be a very important tool to help make sure that your family is taken care of and won’t face undue financial stress should you pass away, but it isn’t always easy to find the insurance policy that will best meet your needs. While term life insurance is constantly growing in popularity, there are some aspects of a term life policy that just aren’t right for every insurance customer.

Deciding On Whole Life Insurance Products

admin — Sat, 21 Jun 2008 07:05:39 -0500

As if deciding between whole life insurance and term life insurance wasn’t complicated enough, there are even more decisions to be made if you opt for whole life insurance. Whole life is more than just protection for your family in case of your death or disability. Most types of whole life insurance are also investment vehicles that allow you to build cash value for the future. Some even pay dividends. Here’s a quick rundown of the various types of whole life insurance policies that are available on the market.

Common Whole Life Insurance Terms & Definitions

admin — Sat, 07 Jun 2008 06:58:48 -0500

Those who are uninitiated into the world of insurance might find a standard contract a little intimidating. Insurance companies have their own lexicon, and this can trip up laypersons shopping for insurance. The particularly confusing world of whole life insurance has its own common terms. Understanding them can shed some light upon

Glossary of Whole Life Insurance Terms

The Benefits of a Graded Premium Whole Life Policy

admin — Wed, 21 May 2008 07:22:56 -0500

Whole life insurance is notable because it serves a dual purpose. It provides a death benefit in case of the death of the contract owner, thus offering the major benefit of term life insurance. It also serves as an investment and savings vehicle for the policy owner because the policy builds cash value. Depending on the type of whole life policy you purchase, you can quickly build cash value into your policy, and borrow against it at low interest rates, or surrender your policy for its cash value.

Whole Life Insurance & Your Needs

admin — Thu, 15 May 2008 07:08:29 -0500

As people grow older, they begin to consider the legacy they’ll leave behind. Will there be enough to pay their final expenses? Will there be enough for a surviving spouse or children (or grandchildren) to keep them going? Whole life insurance policies can solve this problem. Depending on the age at which you purchase your policy, the payments and benefits could be very large or fairly small. It also depends on what your personal finances are like, and what needs you can foresee in the future.

Why Switch to Whole Life Insurance?

admin — Thu, 08 May 2008 15:38:38 -0500

Whole life insurance, like term life, pays out after the death of the person who is insured. These two types of insurance are, however, very different in several respects. Term life is typically much less expensive, due to the fact that its protection is only temporary. Whole life, on the other hand, has much higher premiums but provides protection for your entire life. Given the extra expense of whole life insurance, doesn’t it make sense to just buy a series of term policies instead of buying a whole life policy?

Families and Life Insurance

admin — Thu, 08 May 2008 15:29:57 -0500

Life insurance is something that you probably don't want to think about, because if you have a life insurance policy for yourself, most of the time no one will see it until you are gone. This is usually something that is very depressing, and therefore many people don't want to think about life insurance. However, when it comes to your family , life insurance is very important because it can provide you with peace of mind, and provide them with the money that they would need if something was to happen to you.

Whole Life Insurance Q & A

admin — Mon, 05 May 2008 08:10:26 -0500

Many people still have trouble understanding whole life insurance. In an effort to assist further comprehension on this important matter we will look at a few of the most frequently asked questions that people have and answer them. Usually this type of clear cut Q & A method can eliminate concerns and problematic quandaries. Are you ready to discover new factors and aspects of whole life insurance? Great! Let’s begin our in depth look into whole life insurance.

Q. What is the difference between term life insurance and whole life insurance?

Questions to Ask before Buying Whole Life Insurance

admin — Thu, 01 May 2008 08:38:42 -0500

Once you’ve decided to buy whole life insurance, you’re ready to start looking for the best deal on a policy. To make sure you get the best deal—and that you fully understand the policy you’re buying—ask your agent or insurance carrier these questions (and any others that you feel are important).

1.What events does the policy provide coverage for? What isn’t included?

The Basics of Whole Life Insurance

admin — Sun, 27 Apr 2008 14:22:26 -0500

If you're concerned about making sure that your family will not have to face dire financial consequences if something should happen to you, purchasing a whole life policy is one of the best investments you can make. Whole life insurance is often referred to as permanent insurance. With this type of insurance, as long as you pay your premiums, you're coverage will remain in effect throughout your lifetime unless you choose to surrender the policy.

When Should I Purchase Whole Life Insurance?

Whole Life Insurance FAQ

admin — Wed, 23 Apr 2008 09:13:05 -0500

Here are some simple answers to the most frequently asked questions about whole life insurance.

1. When should I buy a whole life insurance policy?

Whole life insurance is the policy of choice if you’re considering purchasing life insurance for long term goals. Whole life offers a built-in savings element, because it allows you to build cash value for your premiums, and can be used as part of your estate planning. You should consider buying whole life when you are looking for insurance that you’ll keep for your entire life.

Benefits of a Graded Premium Whole Life Insurance Policy

admin — Sun, 20 Apr 2008 21:31:00 -0500

History of Whole Life Insurance

admin — Sat, 19 Apr 2008 10:04:28 -0500

It is always important to look at how things came to be, so that you can make a good decision about which of the things are going to be right for you and which of them might not be the best for you. When you are looking at whole life insurance, it is important to think about where it came from so that you can know where it will be going in the future.

Affordable Whole Life Insurance Plans

admin — Fri, 18 Apr 2008 11:44:13 -0500

In this day and age, everybody should have whole life insurance. Most people base their insurance coverage upon what they can afford, rather than what they actually need. A good way to determine how much coverage you require is to estimate the amount of your income and multiply it until you feel that it will offer sufficient protection for your family. For example, if your income is $50,000 per year, you may want to insure that your family has three years of covered finances so you would want $150,000 in insurance.

Things to Consider Before Taking Out Life Insurance

admin — Wed, 09 Apr 2008 13:45:02 -0500

The type, if any, of life insurance that you need depends on the individual circumstances for each person. Before making any decisions on a life insurance policy, it is important you understand exactly what is covered by the policy, and that you seek financial advice to ensure that you and your family are adequately covered.

The first thing you need to decide is what type of policy you want to take out. Life insurance falls into two main categories – Permanent Life Insurance and Term Life Insurance.

Types of Whole Life Insurance

admin — Sun, 23 Mar 2008 09:08:24 -0500

There are traditionally six types of whole life insurance—non participating, participating, indeterminate premium, economic, limited pay and single premium. A newer type of whole life insurance, interest sensitive whole life, is also available. It’s important to remember that not all jurisdictions may allow all types of whole life insurance and not all insurance companies will offer all the types of whole life insurance.

Premiums On Whole Life Insurance

admin — Fri, 14 Mar 2008 11:07:29 -0500

There are seven typical types of whole life insurance that you can choose from. While every insurance company doesn’t necessarily offer all of the different types of whole life insurance, there is one thing that all whole life insurance policies have in common—premiums.

Term Life or Permanent Life Insurance?

admin — Mon, 10 Mar 2008 20:37:23 -0500

There are two basic types of life insurance – term life and permanent life. Although there are important differences, the basic concept is the same – to guarantee a lump sum of money for dependents in the event of the insured’s death. One big advantage – in most cases, the money is tax-free.

Choosing the Best Whole Life Policy for Your Needs

admin — Sun, 09 Mar 2008 10:50:57 -0500

Depending on your age, general health and lifestyle, you may need a life insurance policy that will cover one person or a couple, solely as a death benefit or for an investment. You may need a benefit that will cover just a few outstanding debts or provide your dependents with a standard of living for many years.

Short Term Need

Whole Life Insurance vs. Universal Life Insurance

admin — Sun, 09 Mar 2008 10:14:06 -0500

Whole life insurance and universal life insurance are similar in some ways. Universal life insurance was born from the premise of whole life insurance. People were looking to purchase whole life insurance that was a little more flexible and the idea for universal life insurance was born.

One of the advantages of universal life insurance is the flexibility compared to whole life insurance as well as the higher likelihood for elevated cash growth if the market outperforms the insurer’s general account.

What is Whole Life Insurance?

admin — Sun, 09 Mar 2008 10:05:28 -0500

If you are putting off the purchase of a life insurance policy because you are not sure what to buy, then you might be making a mistake that could cost your family big in the long run. That is why we are reaching out to educate you on life insurance, and help you make the decision that will keep your family safe for a lifetime.

If you are shopping around for life insurance, then words like whole, term, investment, and future are flying at you from all directions. Let us pin down one of these words right now, and explain what, exactly, whole life insurance is, and what it means to you.

Whole Life Insurance Information

admin — Sat, 08 Mar 2008 09:25:56 -0600

A whole life insurance policy insures you for your entire life, but the main benefit that you get with this policy is the cash value you can accumulate. A whole life insurance policy offers your beneficiary a one lump sum in the event of your death, but goes even further and can provide the policy holder with financial assistance.

Understanding Your Whole Life Insurance Policy

admin — Sat, 08 Mar 2008 09:18:40 -0600

It is safe to say that the majority of Americans put off buying life insurance and tell ourselves it is a luxury when in reality we are just too scared to think about planning for our death. The sad part here is that when you don’t plan for your family’s financial security they may be left in a hot money situation when they are in the grieving process. The solution may be a whole life insurance policy.

Term Life vs. Whole Life Insurance for Couples without Kids

admin — Sat, 08 Mar 2008 09:10:08 -0600

If you don’t yet have children, then you may be thinking that it is too early to worry about life insurance, however this is far from the truth. Life insurance can benefit any person at any stage of life, and should be seriously considered before it is dismissed. If you were to die tomorrow, your spouse might not have the burden of childcare, but what about housing expenses, car payments, and funeral arrangements? The costs of living are only going up, and cushioning the blow for your loved ones is the least you can do, especially since it costs so little.

Taking Life insurance with you when you move

admin — Tue, 26 Feb 2008 16:07:01 -0600

Chances are that you have spent a lot of time dealing with things like your insurance policies, in order to get them all into the right place and to have them all set up exactly the way that you want them to be. It is never easy to deal with all of the things that you have to deal with when it comes to getting your policies all taken care of and set up – so what happens to them when you move, whether it is across the street or across the country?

Top 5 Reasons You Should Invest In Life Insurance

admin — Fri, 22 Feb 2008 11:12:24 -0600

How often have you thought “that won’t happen to me?” And yet, how often has something happened when you were sure that you would not be a victim of that particular fate?

Life is full of uncertainties. The unexpected happens all the time. Because of this, life insurance is something that everyone should consider taking out. Below are the top five reasons that you should invest in life insurance:

How to Apply for Life Insurance

admin — Thu, 21 Feb 2008 08:02:40 -0600

There are several ways in which you can apply for life insurance. However, it is important that before you agree to any policy, you understand exactly what you are covered for, and that the policy adequately covers you and your family. While you can ask to speak to an insurance agent regarding this, you are better off talking to a financial advisor or planner, as they do not have a vested interest in you taking out a particular product or policy.

Why Young People need Life Insurance

admin — Fri, 15 Feb 2008 09:15:29 -0600

If you are young and healthy, then your mind is on going to school, advancing your career, and enjoying your youth. The one place that a young person’s mind rarely strays is toward death. This is unfortunate, however, because the prime of your life is the best time to get life insurance. There is no time in your life that life insurance will be so inexpensive again, particularly if you are living a relatively healthy lifestyle. This can be a great time to spend some of your extra cash on life insurance, however it is an expenditure that is usually overlooked by the young.

Choosing a beneficiary for your life insurance

admin — Thu, 14 Feb 2008 10:35:11 -0600

When you’re dealing with a life insurance policy, there are often a lot of unpleasant choices that need to be made. One of the worst of these can be choosing a beneficiary for your policy, since it isn’t always easy to decide who should get the money that your life insurance pays out if you should pass away. While this can be quite a difficult thing to think about, it’s a very important consideration because the first person who comes to mind might not always be the best choice as your beneficiary.

Finding life insurance with no medical exam

admin — Wed, 13 Feb 2008 12:40:21 -0600

Many times, if you get a life insurance policy when you are young and healthy, you will be surprised at how easy it is to get. Many insurance companies like to give life insurance to someone who is young, because they know that they won't be cashing it in for a long time. It is also easier to pass medical exams when you are young and healthy, and therefore it is easier to get life insurance.