Whole life and universal life insurance—known as “permanent” life insurance”—truly last a lifetime. Their premiums are higher than with term life insurance, but they accumulate cash value—a 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 “Instant Quotes” tab on the LifeInsure.com website… and click on the appropriate link.
Life Insurance – How to Get the Best Rates watch here
Term Life Insurance – What is it? watch here
Why Choose LifeInsure.com? watch here
Life Insurance – How Much do I Need? watch here
Your spouse doesn’t even want to think about you passing away, let alone have to sit down and actually discuss it. It’s never easy to talk about death, especially the death of someone you love. That’s why discussing life insurance with your spouse can be so difficult. But since the … Continue reading How to Talk About Life Insurance With Your SpouseRead More
Deciding which type of life insurance product is right for you can be difficult; regardless of whether you’re considering retaining your current policy or you’re shopping for new coverage, it’s important to note that there are benefits to both term life insurance and whole life insurance. Which is the best … Continue reading Term Life Insurance vs. Whole Life InsuranceRead More
We all know how a good life insurance policy can positively affect your family—providing stability, financial security, peace of mind, etc. But have you ever considered how this relationship works in reverse? It’s true, while life insurance does wonders for your family, your family might have some not-so-desirable effects on … Continue reading How Family History Affects Your Life Insurance RatesRead More