Are there downsides to whole life insurance? What does whole life insurance cost? Whole life insurance, a type ofpermanent life insurance, essentially guarantees an income-tax-free payment when the policyholder passes away. It also builds cash value, based on an interest rate determined by the i...
Simplified issue and guaranteed issue life insurance policies are worth considering if you’ve been turned down for standard whole life coverage due to health problems, but be aware of the downsides. Death benefits on these policies are relatively small, and premiums can be expensive when compared...
The decision to purchase a whole life insurance policy is an important one. There are many pros and cons of these policies that buyers should be aware of before making their decision. One advantage, for example, is the tax-free cash value accumulation with some whole life policies. In additi...
In this post, I'm going to present an easy to use checklist you can go down when considering the purchase of any type of “permanent” or “cash-value” life insurance such as whole life, index universal life, or variable universal life insurance. Each of these types of insurance combines...