Many kinds of insurance exist though they all follow one of two cases: temporary or permanent. With regards to life insurance specifically a lot of defining characteristics can vary, however, they all have a death benefit. The whole life death benefit and a term insurance death benefit both provide one’s beneficiaries the same thing when […]
Author: joneric
How To Borrow Against A Whole Life Insurance Policy
Whole life insurance is a great method for creating a nest egg or cash value-building policy and it offers you a place to get cash if needed. How to borrow against a whole life insurance policy is a rather simple straightforward process however if you use it in a consumer method just to pay expenses […]
Whole Life Insurance How Does It Work
Today let’s look at a simple explanation regarding whole life insurance: how does it work. Insurance companies create mortality tables that determine the premiums required based on the risks that are associated with an individual. Those risks include things like occupation, age, weight, medical conditions, medications, etc. The riskier the client is to take on […]
6 Questions About Whole Life Insurance
The tragedy of myths is that they perpetuate themselves. Instead of figuring out that they are false we all get caught up in things that feel or sound good at the time and then we seek information that supports that perspective. We are following the feelings not discerning the truth of them. If I said […]
How To Get A Whole Life Insurance Policy
Getting insurance is really a very straightforward process. Auto insurance you can get without talking to someone online, and life insurance is usually obtained by speaking to an agent. Here we will talk about how to get a whole life insurance policy. In short: to get a whole life policy you need to fill out […]
Whole Life Insurance High Net Worth
For the wealthy, those desiring to become so, or anyone working towards increasing their net worth, life insurance is one of the few choices that almost all wealthy share in common. There are a number of reasons that the rich choose to do so but the reasoning for it can help nearly everyone. Primarily speaking […]
Facts About Whole Life Insurance
Whether you are simply starting to research life insurance or are confused about the differences here are the facts about whole life insurance to help bring clarity. What is permanent life insurance? Permanent life insurance is a category of life insurance that includes whole, universal, variable universal, and indexed universal life insurance. Each one is […]
Whole Life Insurance 20 Year Pay
Whole life insurance 20-year pay is a great way to add some extra certainty to your life insurance portfolio. While it increases the premiums, it guarantees that you will have a death benefit for your beneficiary in the future, so long as all premiums are paid. What is 20 pay whole life? A whole life […]
How Long Has Whole Life Insurance Been Around
If you’ve ever wondered how long has whole life insurance been around then here is a fun history lesson for you. depending on if you are thinking about life insurance in its present form or its initial form then the answer differs slightly but let’s go into some detail on that. In short- life insurance […]
A Whole Life Insurance Policy Matures Or Endows When?
Since we are living longer it is a good idea to understand what it means for a life insurance policy to mature (also called endow)to reduce any tax or other consequences that may come up. Most whole life insurance policies have a maturity date of anywhere between 80-121 depending on how long ago it was […]