What is whole life insurance

Whole life insurance is a permanent life insurance policy with two components: your insurance and your cash value. Your insurance allows you to get your death benefits when you are no more. The cash value is a portion of your premium which you can withdraw or borrow for certain reason. Left untouched, your cash value builds up with interest, giving you the advantage of taking...Read More

Whole Life Insurance Vs Universal Life Insurance

Now that you have decided that you want permanent life insurance, the next step is obviously to select the type that will be best for you. Hopefully, this article will help you make an informed choice about the most suitable permanent life insurance to buy. Premium This is the major difference between whole life and universal life insurance policy. With whole life insurance, your premium...Read More

Pros and Cons of Whole Life Insurance

Whole life insurance is a popular insurance policy. And if you are considering shopping for this insurance plan, we advise you to weigh the pros and cons of whole life insurance mentioned below. Pros Fixed premium: Unlike term the premium of life insurance, the premium of whole life insurance is fixed. This means you don’t have to worry anymore about inflation, your age and your...Read More

Frequently Asked Questions About Whole Life Insurance

Are you currently in the market to buy a whole life insurance policy? Are there some things about the whole life insurance plan that are still leaving you confused? Our compilation of the frequently asked questions about whole life insurance should certainly be of help to you. At what time should I consider purchasing a whole life insurance plan? You should buy whole life insurance...Read More