Whole Life Insurance Current Rates, News & Information
FAQ: Can I Withdraw Cash from a Whole Life Insurance Policy?
Posted in Life Insurance , Whole Life Insurance
September 10th, 2009
No Comments
Whole life insurance is only one of the options available to consumers interested in getting a policy with a death benefit to provide for their family. Whole life insurance is not just a policy that kicks in after you are gone, it is a complicated financial tool many people utilize to plan for retirement, their child’s education or even buying a home. 
How am I Billed for Whole Life Insurance?
Posted in Life Insurance , Whole Life Insurance
August 6th, 2009
No Comments
Whole life insurance is a complicated investment strategy. This type of insurance not only provides a death benefit to survivors when the time arrives, but during the lifetime of the policyholder it can be used as an investment tool that can help fund retirement, education, mortgage protection and be utilized as an overall estate planning tool. Like any other insurance policy, those opting in are billed monthly for their whole life life insurance policy, however the premium payments do more than ensure that there will be a pay-out at death.
How Much Cheaper is Term Life Insurance than Permanent Life Insurance?
Posted in Life Insurance , Whole Life Insurance
July 16th, 2009
No Comments
Term life insurance is a type of life insurance that is most like other forms of insurance, such as auto and home. That’s because with term life insurance, you are not building up any value in the policy. For example, with auto insurance, you pay your monthly premium and your car is covered in case there’s an accident, or if it’s stolen. However, you can walk away from your auto insurance and the auto insurance company is not expected to pay you back any of your premiums – you were basically paying for a service, and now you’re not. The insurance company doesn’t owe you anything in return in the same way a housekeeper wouldn’t owe you anything should you no longer require his or her services. So term life insurance is comparable to auto insurance in that way, whereas whole or permanent life insurance behaves more like an investment vehicle that you pay into and later get money from. Because of this purely risk-based nature, term life insurance is much, much cheaper than whole or permanent life insurance.
Advantages / Disadvantages of Term Life Insurance
Posted in Life Insurance , Term Insurance , Whole Life Insurance
July 14th, 2009
2 Comments
One unpleasant fact about this modern life is that money – or the lack thereof, specifically – limits what we can do. The more money we have, the more options. There are those of us with very few options indeed, and those at the other end of the financial spectrum who have nothing but options. The vast majority of us fall somewhere in between. One thing that many of us want to have but that some of us can’t quite afford is life insurance. Life insurance gives us peace of mind knowing that our loved ones will be financially cared for when we pass away. If you’re the parent of two young children, for example, then you know how important life insurance is. What would happen to them if your income suddenly vanished? Or worse, if it vanished but your debts did not? We get life insurance in order to avoid that worst-case scenario. For those of us who can’t afford whole life insurance, there is another option available: term life insurance.
Compare Life Insurance: Whole vs. Variable
Posted in Life Insurance , Life Insurance Quotes , Permanent Insurance , Universal Life Insurance , Variable Life Insurance , Whole Life Insurance
April 27th, 2009
No Comments
When comparing life insurance policies, you may find yourself having to choose between whole life and variable life. If this is the case, it’s good to know as much about the two types as possible so that when the time comes to choose, you’ll be well-informed.
Is Life Insurance REALLY the Best Investment?
Posted in AIG , Life Insurance , Whole Life Insurance
April 6th, 2009
3 Comments
Life Insurance Beneficiary vs. Will Beneficiary
What happens to your family after your death is a sad but important question to think about. Let’s talk about two popular approaches: life insurance and a regular will. In both cases, you designate one or several beneficiaries, and you can always change your decision later. The main difference is in the amount that is paid out when you die.