What Is the Risk Associated With Premium Financing?

What are Life Insurance Dividends?

According to McGill’s Life Insurance, many insurance companies offer a fifth dividend option which applies the dividend to purchase one-year term insurance in varying amounts equal to the policy cash value, the face amount of the policy or the total premium.

Purchase Life Insurance Even If You Are Single

Purchase Life Insurance Even If You Are Single

Though it may be difficult to talk about, your life may just have some impact on others when you die. Rarely, our we left totally alone. You may want those that your care about not have to worry about the funeral expense or possibly other debt.

Whole Life Insurance Popular With the Younger Consumer

Permanent Life Insurance Fires up Industry Sales

Whole life insurance is becoming a more popular investment with buyers under 40, according to a recent report from a major provider.

According to the company, consumers under 40 are turning to whole life policies rather than other investment vehicles. The poll showed 74 percent of respondents who bought this type of protection said they wanted financial security as quickly as possible. Another 76 percent said they had a desire to get rid of debt with haste.

Whole life insurance

Why Should I Get Whole Life Insurance?

It seems to be a common theme of ordinary whole life coverage that each benefit helps supply another one.

The entirety of a contract provides lifelong protection. Due to the length of time you are covered, the regular premium payments can be spread out so that you can pay them at a lower cost. These level premium payments then allow for the policy to accumulate a reserve of cash that can be used at a later time to take out a loan on a house or pay for college tuition.