Whole Life Insurance Coverage

The most popular choice for those seeking to cover permanent
needs, such as contributing to a survivor's nest egg, paying off final
expenses, etc. Whole life insurance provides permanent, lifelong
insurance coverage. The benefit amount remains the same and is
payable to the beneficiary(s) at the time of the insured's death. It
also offers an opportunity to build cash value, so you can take a
loan on your policy to fund major purchases or to provide for
unexpected costs.

By definition, it has a fixed premium and a level death benefit to
age 100. The premiums don't increase with age, which averages
the cost of the policy over your life. The cash value increases with
time until it equals the death benefit at age 100. This type of policy
never has to be renewed or converted. The cash value is an
amount of money that you are guaranteed to receive in the event
of policy cancellation. **

Variations of Whole life include:

Modified Premium - lower fixed premium for the first 3 or 5
years, and then premiums increase. These policies work well for
individuals that expect to improve their financial condition in the
near future.

Graded Premium - premium increases each year for the first 5
years, and then is fixed.

Advantages of Whole Life

1. guaranteed protection for life

2. level death benefit that is generally tax-free

3. premiums do not increase in correlation with your age

4. cash may accumulate tax-deferred

Disadvantages of Whole Life

1. premium costs may make it difficult to buy enough

2. need to carry a whole life policy for a considerable
length of time to be very beneficial

3. cash value may be less than your face value

4. cannot vary your monthly premium payment and the
premium-paying period may be lengthy

5. amount of coverage cannot be increased at a later
date

Click on the link above and fill out the form in order to
receive a whole life insurance coverage quote. We forward
your information to a licensed life insurance agent in your
area who will contact you in a timely manner, usually within
a few hours, with a quote(s) by the method you request:
email or phone.

Our services are 100% free to you and we provide your
personal information to only one insurance agent. We also
require that insurance agents do not share your personal
information to non-insurance related sources.

**This page consists of general information on whole life insurance coverage that you can fill out a quote form for on LifeInsuranceQuoter.net. It is
meant only to be a brief overview of what a coverage represents. You should always consult a licensed insurance agent for complete details regarding
any whole life insurance coverage you're interested in purchasing.