What is the “Vanishing Premium” With Whole Life Insurance?
This option is similar to the premium reduction option except that the dividends are applied as additional premiums while the … Read more
Ordinary Level Premium Whole Life Insurance
The 3 Primary Alternatives to Whole Life Insurance
There is no substitute for life insurance that provides an immediate estate upon a person’s death. All types of life … Read more
How to Evaluate Whole Life Insurance Policies
Selecting the best cash value life insurance policy is a difficult task involving a number of complicated concepts and analyses. … Read more
Tax Implications of Ordinary Whole Life Insurance
Death benefits are usually free of any federal income tax. In general, death benefits paid under these policies are subject … Read more
What to Know About Ordinary Level Whole Life Premiums
Life insurance companies are free to set premiums according to their own marketing strategies. Almost all states have statutes prohibiting … Read more
Important Policy Features of Ordinary Level Premium Whole Life Insurance
Par and Nonpar Policies The premiums, the death benefit, and the minimum cash surrender value schedule are initially fixed in … Read more
Consider Using Ordinary Level Premium Whole Life Insurance as a Savings Vehicle
One can view ordinary level premium whole life mathematically (but not legally) as a combination of decreasing term insurance and … Read more
7 Disadvantages of Ordinary Level Premium Whole Life Insurance
Understanding the disadvantages of level premium whole life helps consumers make the most educated decision. Here are the 7 major … Read more
11 Advantages of Ordinary Level Premium Whole Life Insurance
Understanding the advantages of level premium whole life helps consumers make the most educated decision. Here are the 11 major … Read more
16 Reasons to Consider Ordinary Level Premium Whole Life Insurance
There are nearly 2,000 life insurance companies actively marketing life insurance coverage in the United States. Most of these companies … Read more