Whole Life Insurance Current Rates, News & Information

Does Your Employer Have a Life Insurance Policy Out on You?

Posted in Life Insurance , Whole Life Insurance

January 4th, 2011
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Generally, when people take out life insurance policies, it’s because they want to protect the people who depend on them financially. It’s a tough situation to imagine, but if the breadwinner in a family dies, dependents could face a serious cash crisis. That’s why securing life insurance is so important when your loved ones heavily depend on the money you bring home.

Common Beliefs and Myths Regarding Life Insurance

Posted in Life Insurance , Permanent Insurance , Term Insurance , Universal Life Insurance , Variable Life Insurance , Whole Life Insurance

November 9th, 2010
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If you’ve been thinking about purchasing life insurance, you’ve probably received a lot of advice from people around you regarding the specifics of buying this type of policy–or even whether you should buy it at all. There are tons of life insurance myths out there, along with some real facts thought to be untrue. Let’s take a look at some of the common life insurance beliefs and whether they should make a difference in your decision to buy a policy.

Whole Life Insurance Making a Comeback

Posted in Life Insurance , Whole Life Insurance

March 10th, 2010
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In recent years, whole life insurance policies haven’t been among the most popular types of life insurance to purchase because of their high-cost. However, since the financial crisis, it seems they’ve been making a comeback.

According to a recent Wall Street Journal article, some people have found refuge in these long-term life insurance policies and the benefits they can offer.

Whole Life Insurance: Maximum Payouts?

Posted in Life Insurance , Whole Life Insurance

September 24th, 2009
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Whole life insurance is a type of insurance policy with two components, a death benefit and an investment tool. Many extremely wealth people utilize whole life insurance policies for estate planning purposes as typically payouts are made on a tax-free basis to the heirs of the policy. Legally, there are no restrictions on maximum payout amounts for the whole life insurance.

Whole Life Insurance: Why Choose It?

Posted in Life Insurance , Whole Life Insurance

September 23rd, 2009
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With a whole life insurance policy, you will be purchasing not only peace of mind knowing that a death benefit will be provided if something unexpected cuts your life short, but can provide yourself with an investment tool that can be used to your benefit in your old age.

Whole Life Insurance: Investment Payouts

Posted in Life Insurance , Whole Life Insurance

September 23rd, 2009
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Whole life insurance is a way for the policyholder to diversify their investment portfolio while they are living and provide their heirs with a cash allotment after they die. The whole life insurance payout amount varies based on the mortality tables that insurance companies use in order to calculate the cost of insurance and the death benefit. The whole life insurance payout will also differ based on the policy size a person commits too.

FAQ: Who Benefits from Whole Life Insurance?

Posted in Life Insurance , Whole Life Insurance

September 23rd, 2009
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Term life insurance is a type of life insurance policy that guarantees a death benefit will be paid to the heirs of the policyholder. The only function of term life insurance is to pay money upon the death of the owner of the policy and only the heirs will benefit from this financially. The coverage for term life insurance is limited to a brief period of time or a predefined “term.”

Whole Life Insurance: Longest Term Limit

Posted in Life Insurance , Whole Life Insurance

September 21st, 2009
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A whole life insurance policy is unlike any other type of life insurance. With a whole life insurance policy, the policy can be used as a way to build a substantial nest egg as after a couple of years of premium payments, the money contributed actually goes to funding the death benefit. The money for that death benefit accumulates and after a period of time, policyholders can access that money by borrowing against the principal. Until that time, the money that is stored away is invested by the whole life insurance company and the profit is tax-deferred until withdrawal.

Whole Life Insurance: Shortest Term Limit

Posted in Life Insurance , Whole Life Insurance

September 21st, 2009
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You know that “whole” can be a very powerful marketing word, and for good reason. Whole wheat has many additional health benefits, whole grain is better than normal grain and a whole life insurance policy will cover you for your entire life. Whole life insurance will last you from day one of coverage until death. It’s a way for people to build long term savings while qualifying for a death benefit, and unlike other types of life insurance, a cash value is built in that is tax-deferred until withdrawal.

Advantages / Disadvantages of Whole Life Insurance

Posted in Life Insurance , Whole Life Insurance

September 14th, 2009
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Whole life insurance is a comprehensive insurance policy like no other. Not only does paying premiums into a whole life life insurance policy establish a death benefit for your next of kin or other beneficiaries you list, the policy can be used as an investment strategy as the premiums fund a cash value for the account. Using whole life life insurance for both the death benefit and investment builder aspects has many positives, but there can also be some drawbacks.