Whole life and universal life insurance‚ÄĒknown as ‚Äúpermanent‚ÄĚ life insurance‚ÄĚ‚ÄĒtruly last a lifetime.¬† Their premiums are higher than with term life insurance, but they accumulate cash value‚ÄĒa tax-deferred savings account.
Initially, you pay more than the actual cost of the insurance, building up a reserve that earns interest. That reserve helps pay the premiums as you age, and if you surrender the policy, you can keep the cash value.¬†
Whole life GUARANTEES your premium, cash value, and death benefit.¬† Some types of universal life insurance also guarantee the premium and death benefit, a guarantee that the policy will, in fact, last for your lifetime.¬†
For FREE, no obligation quotes on whole life or universal life insurance, simply go to the ‚ÄúInstant Quotes‚ÄĚ tab on the LifeInsure.com website‚Ä¶ and click on the appropriate link.
Life Insurance ‚Äď How to Get the Best Rates¬†¬†watch here
Term Life Insurance ‚Äď What is it?¬†¬†watch here
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Life Insurance ‚Äď How Much do I Need? ¬†watch here
The primary feature of life insurance is to influence funds to establish an estate that can provide for surviving loved ones or to leave behind something to an organization like a church or charity. Single Premium Whole Life (SPL) is a kind of life insurance in which a large sum … Continue reading What is Single Premium Whole Life InsuranceRead More
June is National Adopt-a-Cat Month, making it a great time to reflect on how much happiness our cats‚ÄĒand pets in general‚ÄĒbring to our lives. Indeed, our furry (and feathery‚Ä¶and scaly) friends bring us lots of laugher and joy, but there is something else they may be able to do, too‚ÄĒhelp … Continue reading Can Pets Help You Live Longer?Read More
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