What is the Difference Between a “Paid Up” Life Insurance Policy and a “Matured” Policy?
A policy that is “paid-up” requires no further premium payments to keep the policy’s full face amount of coverage in … Read more
Limited Pay Whole Life Insurance
Alternative to Limited Pay Whole Life Insurance
There is no substitute for life insurance of some type if an individual desires to provide an immediate estate upon … Read more
Tax Implications of Limited Pay Whole Life Insurance
Non-MEC Policies Limited pay policies that are not classified as Modified Endowment Contracts (MECs) are taxed in the same manner … Read more
Advantages of Limited Pay Whole Life Insurance
In addition to all the advantages attributable to life insurance in general, and whole life insurance in particular, limited pay … Read more
4 Reasons to Consider Limited Pay Whole Life Insurance
Prospective insureds may want to consider limited pay policies in any circumstance where they desire whole life coverage and the … Read more
An Introduction to Limited Pay Whole Life Insurance
Whole life insurance, as the name implies, is designed to provide protection over the insured’s entire lifetime. Although coverage continues … Read more