How Whole Life Insurance Works

The purpose of Whole Life Insurance is to provide coverage for the insured, for their entire lifetime.  Traditionally, Whole Life Insurance is a consumer demanded product that offers more than just a death benefit by permitting the policy holder to build equity in the policy. Paid Up Insurance Equity implies ownership.  Equity is the value …

Read More...

Understanding Whole Life Insurance and Crafting the Best Whole Life Insurance Policy

Typical financial planning has forsaken one of the best financial products. Some people believe that whole life insurance does not produce a high enough return to make it worthwhile to own any longer. Typical financial planning now says, “buy term and invest the difference”. But many people are losing money because of typical financial planning! …

Read More...

What is Participating Whole Life Insurance and What are the Pros and Cons?

Understanding Life Insurance Part 2 You’ll hear many arguments for and against whole life insurance. Whole life insurance can create a cycle of cash but could have tax consequences. These are the pros and cons of the policy. But many people wonder what whole life insurance truly is and if the benefits of the policy …

Read More...

Breaking Down Paid-up Life Insurance and Paid-Up Additions

Is it just us or does paid-up life insurance sound like paid-off life insurance? Well, that’s not too far off the mark, especially when discussing paid-up life insurance features. In the insurance world we use the term paid up to talk about paid-up life insurance, paid-up additions rider, and a type of dividend option. We’ll …

Read More...

What to Know When Choosing Dividend Options

Quick Overview of Dividends Dividends and Participating Policy Contracts In its simplest form, a dividend is money from your life insurance company to you. Often this means that you have a whole life insurance policy that pays dividends, also referred to as a participating policy contract. When it comes to dividends, purchasing a participating policy …

Read More...
1 Page | 5 Results