Why Is Whole Life Insurance A Good Idea

Why i dont like variable universal life vul insurance. Its time to do it again.

Whole Life Insurance For Diabetics The Better Choice Than Term

Vul is a sub optimal investment which benefits the provider more than the customer.

Why is whole life insurance a good idea. Since then i have committed probably something to the tune of 100 hours in to researching the concept reading books about it talking to professionalsbloggers in the personal finance field as well as discussing the concept with three life insurance agents who specialize in the strategy. It might seem like a 2 for 1 deal. If you buy a policy with premiums of 40000 per year the commission would typically be somewhere between 20000 and 44000 for that agent.

But its really a 2 for 2 deal. Back in 2013 i did a series on the myths of whole life insurance. While the basic idea of providing much needed cash in the event of your death is the same there are some big.

The last time i updated it was 2014. Term life and whole life are two popular variations of life insurance policies. But here are five very good reasons why you need life insurance.

Protect your loved ones with help from aaa life insurance. Insurance can be confusing and its hard to know what you really need or want. Choose low cost life insurance policy and save upto 40 of insurance premium save tax.

You can do better by getting a term life insurance and investing the difference in a high performing mutual fund or uitf. Life insurance is the safest and the most secure way to protect your family or dependents against financial contingencies that may arise post the unfortunate event of your untimely demise. Term life insurance offers low cost protection with guaranteed level premiums for a fixed duration typically 10 15 20 or 30 years.

We offer a variety of life insurance solutions including term whole and universal life insurance. Life insurance compare and buy best life insurance plans online from leading insurance companies in india at policyx. Several months ago i became fascinated with the infinite banking concept.

For those not familiar with this series each myth is basically an illustration of a method used by an agent to sell a policy inappropriatelyfor each myth ill demonstrate why it is misleading a half truth or an outright lie. Whole life insurance offers lifetime guaranteed coverage with the additional benefit of accumulating cash values. There are more than 400000 insurance agents in this country and almost all of them would love to sell you a whole life insurance policy.