Tag Archives: Whole
How To Buy Whole Life Insurance Online
How To Buy Whole Life Insurance Online
Buying whole life insurance online is similar to buying any other kind of insurance online. If you’ve decided whole life insurance is for you, read on.
Begin your search. People love searching and shopping online because it’s quick and easy. To add to the convenience, you can gain instant access to multiple whole life insurance companies and policies online when you visit websites dedicated to doing the searching for you! Simply visit your favorite search engine, type “buy whole life insurance online,” “get whole life insurance quote,” or some other similar phrase, and voila! Choose a website with a large database to ensure you get the most relevant results possible. You’ll probably have the best luck with websites closest to the top of the results.
Research the insurance company. You want a life insurance company that’s financially sound, customer service-oriented, and is legally allowed to do business in your state. Visit the website of any independent research company to find the financial rating of the life insurance company. Then head over to the Better Business Bureau’s website to find complaints filed against the company. Finally, give your state’s department of insurance a call and ask if the company in question is licensed to sell whole life insurance in your state.
Speak with a live agent. While shopping for whole life insurance online is quick and easy, you probably want to stay away from making the final purchase – sealing the deal – online. After all, there will be questions to ask, fine print to read, and paperwork to sign. It’s perfectly fine to shop around for great whole life insurance online – you can compare companies, their policies, and their quotes. You can research the companies further with the help of independent research companies, the BBB, and your state’s insurance department. However, when it’s time to make the actual purchase, you should request contact information for a live insurance agent for the company.
Learn About Whole Life Insurance
Learn About Whole Life Insurance
Whole Life Insurance, Trends, and Staying Power
Whole life insurance provides customers with a life insurance policy that will help their loved ones in the future, and with an investment component that will help customers and their families right away. This mixture of delayed and instant gratification has been attractive to life insurance shoppers for decades, but today’s trend in life insurance is moving away from whole life insurance packages. Once, whole life insurance policies were the standard, but today they are the exception.
As the economy changes and the American public become increasingly savvy about money management, the full service that a whole life insurance policy provides just isn’t as necessary as it used to be. People who want a more hands on approach to investing are likely to find a whole life insurance policy too limiting. And, the amount of money that one of these policies requires each month can make it difficult to pursue other investment options, especially for middle and lower class families who are living on a budget. A lot of financial experts today feel the investment portions of whole life insurance policies do not offer customers the best return rate on their money. This provides an incentive for people to purchase term life insurance policies which do not include any investment components, and then invest their money elsewhere.
However, there are still some advantages to purchasing a whole life insurance policy. Although the investments that an insurance company will make on your behalf may not be the most lucrative, they will almost certainly be among the most stable. Many people prefer a lower rate of return with a lower chance of loss rather than a riskier gamble. There is plenty to be said in favor of this perspective, especially when it comes to planning for the future. In addition, people who do not have the discipline or inclination to save money on their own often find the structured saving a whole life insurance policy requires to be a boon.
If the idea of budgeting your own savings plans and spending time researching hot stock tips appeals to you, a whole life insurance policy probably won’t be to your personal taste. Of course, even if you don’t opt for this tried and true kind of policy, you can be certain that someone else will. Although today’s trends seem to foretell the end of the whole life insurance policy, there are still enough customers interested in this kind of traditional and conservative policy that insurance companies will be likely to offer this kind of coverage for many years to come.
Whole Life Insurance Explanation
Whole Life Insurance Explanation
A whole life insurance explanation should be required reading for anyone about to purchase life insurance. Whole life, in my humble opinion, has in recent years got a bad rap. People tend to buy term life insurance because it is cheaper. Although I believe that a good term insurance can take care of the insurance needs of most people, a good whole life insurance policy is worth looking at.
Guaranteed Death Benefit
The death benefit of a whole life insurance policy is guaranteed to stay level for the duration of the policy. If you think about it, that means a lifetime. That type of guarantee cannot be sneezed at. The premiums of your whole life insurance policy is also guaranteed never to increase. This is also a very important feature. The policy can never be cancelled by the insurance company.
Cash Value Accumulation
A whole life insurance policy has cash values, that cash available to you,if you should need it, at any time. You can surrender your policy and get the cash that the policy has accumulated, or you can take the cash in the form of a loan and still keep your policy. The cash values of your policy accumulate tax-deferred, which means that while the cash is accumulating interest you pay no taxes on the interest. Whenever you take out the cash you pay the taxes then. You also borrow on a tax free basis.
Dividends
As most whole life insurance policies are participating policies you earn dividends on your policy. Each year the life insurance company declares a dividend, a portion of which goes to policy owners who own a whole life policy. You can take your dividend in cash, the company will send you a check each year, you can leave the dividend to accumulate interest, or you can elect to purchase paid up additions with your dividends. Paid up additions are single premium policies of the same type, that is whole life insurance.
Waiver Of Premium Disability Rider
You can add a waiver of premium rider to your policy, which states, in a nutshell, that if you should become disabled, anytime after six months of disability, the life insurance company will pay the premiums for you. It does not matter how long you are disabled, they will pay the premiums even if it is for the rest of your life.
Accidental Death Benefit
To your whole life policy, you can add an accidental death benefit rider which states that if you should die in an accident the insurance company will pay your benefit twice the amount of life insurance you applied for.
There are a myriad of other benefits to the whole life insurance policy click the link below to get the details.
Help In Finding Affordable Whole Life Insurance
Help In Finding Affordable Whole Life Insurance
Many people need help in finding affordable whole life insurance, as it is extremely important decision to have to make. The following suggestions will make shopping for a whole life insurance policy a much easier process.
The internet is a great place to begin looking for a whole life insurance policy. There are many great websites that could give you life insurance quotes from several different companies at once. Just remember while filling out the initial questionnaire that you answer all questions honestly in order to get the most accurate quote. You should also be sure to follow up with the insurance company to make sure that no further information is needed to process your whole life insurance policy.
If the internet isn’t accessible all you need to do is pull out your phone book and look up that names of local insurance agencies. They can be a great help for those looking to find affordable whole life insurance and most all local insurance companies will be happy to walk you through everything that a whole life insurance policy covers in order to make sure you get the policy that will meet all your unique needs.
Make sure to do some comparison shopping when you are looking to find a reasonably priced life insurance policy. Most people that need help in finding affordable whole life insurance policy need to keep this in mind so they make sure they purchase the best possible policy for the best possible price.
Do not feel by any means that you need to purchase the first whole life insurance policy that is offered to you. Ask plenty of questions and make sure that you understand every last part of the insurance policy. If the insurance agent or insurance company that you are working with are not answering your questions clearly enough or are pressuring you into purchasing a policy that you are unhappy with then move on.
Keep all these tips in mind if you need help in finding affordable whole life insurance. This way you will be able to find the policy that will meet all you needs at the best possible price.
Life Insurance – Term Life Or Whole Life?
Life Insurance – Term Life Or Whole Life?
What type of insurance you need depends on many personal factors. What are your insurance needs? What type of budget are you on? And how long do you need your insurance policy for?
Whole Life Insurance
Whole life insurance remains in force for as long you keep paying the premiums or there is sufficient cash surrender value to keep the policy alive.
“Term to 100 years” lasts your lifetime and is cheaper for most people. Again you have to keep paying the premium.Whole life has premiums that do not increase. So does term 100 which you pay for until the age of 100, when you can stop paying and remain insured.
Term Life Insurance
Term life insurance can cover you for any number of years from one to your age 100. As you get older, there may not be as large a need for life insurance because hopefully, your debts are behind you and you have created an estate with your tax paid assets.
Life Insurance – What are you insuring?
Term life insures you against debts such as credit cards and a mortgage debt with your death triggering the ability of your heirs to pay outstanding liabilities.
Whole life is used for building investment capital through the years. It’s a good idea for those who cannot save, as it creates an estate to pay for funerals, compensates for lack of a pension, or pays taxes on large estates.
Life Insurance – Adapting It For Your Needs
Most people get life insurance to protect themselves against debts and to provide for their heirs.
Analyze your needs for coverage and consult an independent life insurance broker to get quotes from different companies. The best time to do this is when you are young and the premiums are low. Remember you are working on establishing, not only your finances for the future, but for the benefit of beneficiaries as well. And those are 2 of the best reasons to buy life insurance.
Insuring Your Whole Life
Insuring Your Whole Life
These days, life insurance has become a must. It provides protection to us and to our loved ones. Even if something untoward does happen, we can rest assured that the benefits will go to the right persons. In the world of today, money is security, and a life insurance plan goes a long way in providing this security. For some people, life insurance also works as an investment option. Insurance plans that build cash value and offer tax benefits can be regarded as being decent options for investment. However, insurance plans are primarily meant to build security. If one is looking for solely an investment option, it is a better idea to invest elsewhere.
These days, we have a whole range of life insurance options. Looking at the very basics, we have a choice between term life insurance (which provides coverage for a specific number of years) and whole life insurance (which provides coverage for one’s entire life). While both these come with their sets of pros and cons, I find myself in favor of the whole life insurance option. This possesses a number of positive aspects that is missing in the term life insurance option.
First of all, whole life insurance plans invest part of the money amount that serves as premium and help build cash value. After a period of time, it may so happen that the cash value itself manages to pay for the policy. This is a big plus that is absent in the term life option. Moreover, most whole life insurance plans require only a single medical examination. Thus, one can do away with the hassle of periodic medical check ups, unless one decides to alter one’s current plan. The tax savings that are incurred also work up to quite a large amount of money.
In addition to these advantages, you could also choose from among three basic kinds of whole life insurance. The first of these is the traditional whole life insurance. This promises to pay the insurer a minimum rate of return on his/her cash value. A second kind is whole life insurance that is interest-sensitive. In this case, the policy offers a variable rate on one’s cash value. The third type is one that involves a single premium. This is suitable for those who already have the cash to purchase an insurance policy. Thus, even after choosing between whole life and term life insurance, there are many other important decisions that have to be made.