Premiums: Continuous, Limited-Pay, Single Premium
Continuous: Level premiums are paid through age 100 or until the insured dies.
Limited-Payment: Premium payments are level and cease after a certain number of years, i.e. 20 or 30 years.ย Though premium payments are higher, cash value accumulates more quickly.
Single Payment Whole Life: Premium payment is made as a lump sum at the beginning of the policy. [Read more…] about Details of Whole Life Insurance Policies
Introduction to Whole Life Policies
Whole life insurance is the most common form of cash value insurance policy.ย 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
Exploring Whole Life Insurance Policies
Introduction to Whole Life Policies
Whole life insurance is the most common form of cash value insurance policy. It bundles death protection with cash value accumulation.
Details of Whole Life Policies
An overview of some of the characteristics, details and choices with whole life policies.
