What is whole life insurance?

A whole life insurance policy covers you for all your life, not only for a specified period, such as term life insurance. Your death benefit and premium in most cases, will remain the same. Whole life insurance also builds cash value, which is a return of a portion of your premiums that the company invests. Your cash value is tax deferred until you withdraw it, and you can borrow against it.

Are there choices within whole life insurance?

Yes, the most common options are traditional, interest-rate sensitive, and single premium whole life insurance. Traditional whole life insurance will give you a guaranteed minimum return on the cash value component. Interest-sensitive whole life insurance to provide a variable interest rate on your cash value as a variable rate mortgage. Interest-sensitive whole life insurance may be more flexibility in your life, such as increasing the death benefit without an increase in premiums, depending on the economy and the return on the cash portion of the value. One of the prizes is someone who has a large sum of money and want to buy a political front. Like the other options of whole life insurance, single premium whole life insurance are earned on the current value and has the same measure of income.

What Are The Advantages Of Whole Life Insurance To Choose Other Forms Of Life Insurance?

Unlike term life insurance is a part of your prize money against your cash value, which could pay all your policy only after a few years. In addition, premiums remain constant during the time you're covered if you decide otherwise. And if you make a change in your insurance policy whole life, you have coverage throughout with no future medical exams. Lifetime is also a good choice because of tax savings.

Features of Whole Life Insurance

Level premiums - the premiums remain at the level of political life.

Payable for life - provides life insurance coverage as long as the policy remains in force.

To pay dividends * - when we have viable for many years, we share the profits with you.

guaranteed surrender value ** - you can borrow against your policy's rate mortgage. Upon surrender, the cash value would be available.

Deferred tax cash value growth - growth of cash value is tax deferred under current law to federal tax.

Death benefits - the life insurance proceeds are generally tax free to the beneficiary.

* Dividends are not guaranteed

** The amount of your guaranteed cash value depends on the type of permanent life insurance policy (total) that you have, its size and how long you have owned. amounts borrowed reduce the death benefit and cash value.

View Whole Life Insurance Policies

We also provide you information about Universal Life insurance and term Life insurance.

Sunday 24 April 2011

Whole Life Insurance

What is whole life insurance?

Are there choices within whole life insurance?

What Are The Advantages Of Whole Life Insurance To Choose Other Forms Of Life Insurance?

Features of Whole Life Insurance