author
Term Life Insurance vs Whole Life Insurance
The two basic types of life insurance are Whole Life and Term Life. Whole Life insurance provides a death benefit and an accumulated cash value. Term Life only provides a death benefit for a specified term with no cash value. The Whole Life policy builds cash value, which can be borrowed against. If this is [...]
What is Modified Whole Life Insurance?
Modified Whole Life is an insurance policy that has lower premiums during the first years of the policy; however it has all the features of a regular Whole Life policy. It builds cash value and you receive dividends through the premium savings in your cash value account. The cash value funds can be withdrawn at [...]
Modified Life Insurance
Modified life insurance is a special feature of some whole life insurance policies. “Modified” refers to the payment of the premiums. Lets say that for some reason you can’t afford the premiums today, but in several years you will be able to. This policy establishes the same premium amount for three years, and then after [...]
Whole Life Insurance Policy
What kind of life insurance should I get? What if you should die immediately, who will suffer? If you have a wife or husband and children, most likely they will be the most affected. How will your spouse be affected? Normally it is the husband or wife struggling to keep a job while taking on [...]
Why You Should Buy Term Life Insurance
Reader’s Question: I’m quite confused as to which type of life insurance I should buy. With so many different types of insurance policies to choose from, I just don’t seem to know which one is right for me is. My cousin told me I should purchase term life insurance because it’s pure insurance with protection [...]
