Whole life insurance is the most common form of cash value insurance policy. It bundles death protection with cash value accumulation. Whole life policies offer coverage for the entire life of the insured. Essentially, whole life policies are a form of endowment policy because if the insured lives to age 100 and has paid all required premiums they are paid the face value of the policy. [Read more…] about Introduction to Whole Life Policies
Cash value life insurance policies differ from term policies in many ways. The major differences are that cash value policies offer permanence and cash value accumulation in addition to death protection. It is very important to understand how this cash value aspect works so as not to be misled.
Cash value life insurance policies differ from term policies in many ways. There are also several different types of cash value policies, resulting in much more variety. Though not all are unique to cash value policies, it is important to recognize their significance and identify which features are attractive to you.