Whole life or permanent life insurance protects you throughout the course of your life. There are four types of whole or permanent life insurance, according to the Life and Health Insurance Foundation for Education: traditional whole life, universal life, variable life and universal variable life.Read More
The words “life insurance” mean “death benefits” to most people – a useful tool only after a policyholder has died. Many don’t realize the important benefits a life insurance policy can provide while the policyholder is still alive. “Cash values available through permanent life insurance can provide funding to supplement retirement income,” said State Farm Insurance spokesperson, Angie Rinock. “Cash values through permanent life policies grow at interest rates that are generally guaranteed by the insurer.” A policyholder can also take out…Read More
Most people are misinformed about life insurance and other financial products, according to a survey by Northwestern Mutual Life Insurance Company. Almost two out of three respondents failed a financial products knowledge quiz.Read More
In addition to the value of term life’s renewability provision, these types of policies may also contain the option for you to exchange your term life policy for a permanent plan.
Not only do you get more permanent protection but you can also do it without any evidence of insurability, explains Edward Graves, author of “McGill’s Life Insurance.”Read More
Do you crave predictability and stability? How does having permanent insurance protection for a reasonable cost sound? Did I mention you get to accumulate cash as well?Read More