Term and whole life are two of the most common types oflife insuranceavailable.Whole lifeis a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’spremiums). It also includes acash valueaccount: a savings component that grows tax-free over time an...
3、通用型寿险(Universal Life/UL) 1979年,保险公司推出了通用型寿险(Universal Life)。这类产品在传统Whole Life产品的基础上,优势在于交费的灵活性,也就是每年付的保费有一定弹性空间,客户可以在资金多的时候多付一些钱,资金少的时候少付甚至不付,解决了人们对手头现金流的担心。 4、投资型寿险(Variable Life/V...
Term life insurance is cheaper than whole life and covers you for a set period of time. Whole life insurance typically lasts your entire life and can build cash value, which makes it a more complex and expensive product. With either policy, your loved ones can spend the payout howeve...
Whole life insurance is significantly more expensive, but never expires and comes with an investment-like cash value account that you can use when you’re alive. It can be a good option forhigh-net-worth individuals, people with lifelong dependents,or people withcomplex financial planning needs....
But there's another factor to consider with whole life insurance:the cash and investment aspect. Some whole life insurance policies pay a dividend. You can also build up the dollar value of the policy and cash it out to use for other expenses, to pay off debt and morewhile you're still...
Term Life Insurance The key difference between whole life insurance and term life insurance is, as the names may suggest, the timeframe that the insurance lasts. Whole life insurance is designed to last the rest of your life, while term life insurance lasts for a specific duration. The ...
可转换型定期险允许定期保险在一定的期限内,可以转换成终身保险 (PermanentLife Insurance), 比如 Whole Life, Variable Universal Life 或Indexed Universal Life。它的主要好处是,当定期保险转换为终身保险时,被保人不需要身体检查,这在被保人身体健康状况下降,又想继续申请人寿保险的情况下,显得尤其重要。
Term life insurance offers a benefit for a specific time period, but whole life insurance is permanent. Learn more here.
vs. whole life insurance: length that the policy is in effect and the cash value benefit. Term life insurance has a set limit of time for coverage while whole life insurance, which is known as permanent life insurance, remains in effect for your lifetime (as long as you pay your ...
Term life insurance offers protection for your loved ones for a specified period of time and often supplements a permanent plan. Whole life insurance policies (also called permanent policies) do not expire — they are intended to provide protection for your entire life. Some types of permanent li...