whole life insurance Archives - Life Insurance Articles

Why Purchase Permanent Life Insurance?

Posted on December 16, 2019January 8, 2020 by Insurance Information Institute

A permanent life policy provides lifelong insurance protection. The policy pays a death benefit if you die tomorrow or if you live to be a hundred. There is also a savings element that will grow on a tax-deferred basis and may become substantial over time. Because of the savings element, premiums are generally higher for permanent than for term insurance. However, the premium in a permanent policy remains the same, while term can go up…

What Do I Need to Know About Investing in ROP Life Insurance?

Posted on August 26, 2019January 31, 2020 by Emily Miller

Term-life doesn’t offer the investment features of other types of life insurance, but under a return-of-premium (ROP) policy you’re able to invest in something unique.

What Are the Differences Between Term Life and Permanent Life Insurance

Posted on July 21, 2019November 19, 2019 by Emily Miller

Life insurance is a financial security net that protects your family when you pass away. It provides monetary support, which can be used to pay for the funeral, help make ends meet, pay off debt or even help pay for future expenses like college tuition. Its tax-free payment that can be used for any purpose after an unexpected loss. Is term life or permanent life insurance right for you? One benefit that life insurance has over direct…

What is Whole Life Insurance and Will It Really Last Until I Die?

Posted on July 8, 2019February 28, 2020 by Tony Steuer, CLU, LA, CPFFE

Whole life – often called ordinary life or straight life – is the original permanent life insurance policy, which is still the most commonly used in-force policy today. Over the past 20 years, this policy has become less popular, with the introduction of universal life, variable life, and variable universal life. These policies are less rigid than whole life.

What Life Insurance Has Cash Value?

Posted on July 8, 2019February 28, 2020 by Tony Steuer, CLU, LA, CPFFE

The metaphor of a barrel rolling down a hill is a basic portrayal of how a cash value life insurance policy works. It effectively explains how premiums add funds to the account, how insurance companies take out their expenses and how to calculate your surrender value.

Cash Value Life Insurance Explained

Posted on July 3, 2019February 28, 2020 by Tony Steuer, CLU, LA, CPFFE

Permanent life insurance has a level premium that must be paid to keep in-force, which is generally higher than the premium for term life. But in return, permanent policies will accumulate a cash value, which is often tax deferred. Under most circumstances, you can borrow against the policy value.

Tips for a Lower Whole Life Insurance Premium

Posted on June 9, 2019December 4, 2019 by Emily Miller

There are simple and easy ways to cut down one’s premiums cost for a whole life insurance policy that can benefit both the policyholder and their beneficiaries.

Is Whole Life Insurance Being Overlooked?

Posted on June 2, 2019January 10, 2020 by Karla Sullivan

When its owner for more than four decades passed away suddenly, Troy Belting and Supply Co in Watervliet, N.Y. could have collapsed, as do many family businesses that lose their leaders. Instead, the company continued to operate and grow, thanks in part to a succession plan funded by life insurance.

Are You Planning for Retirement?

Posted on January 17, 2019January 23, 2020 by Karla Sullivan

Planning for retirement has become increasingly difficult, as new reports indicate that couples retiring this year will need at least $220,000 to cover their health care expenses alone after they leave the workforce

Five Basic Types of Life Insurance Policies

Posted on June 15, 2017November 20, 2019 by Todd Halterman

When it comes time for you to purchase a life insurance policy, you have the option of choosing from five different types of policies with each of them offering their own unique benefits. These five basic types of life insurance policies are term life, whole life, universal life, endowment, and annuity. The basic structure of the first four is to create a principle sum or estate through either the death of the insurer or through…

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whole life insurance

Why Purchase Permanent Life Insurance?

What Do I Need to Know About Investing in ROP Life Insurance?

What Are the Differences Between Term Life and Permanent Life Insurance

What is Whole Life Insurance and Will It Really Last Until I Die?

What Life Insurance Has Cash Value?

Cash Value Life Insurance Explained

Tips for a Lower Whole Life Insurance Premium

Is Whole Life Insurance Being Overlooked?

Are You Planning for Retirement?

Five Basic Types of Life Insurance Policies

Life Settlement

What Is the Process for a Life Insurance Settlement?

What Is Equity-indexed Universal Life Insurance?

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