What Is Straight Life Insurance?
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63333 POINTSview profilePeggy MaceMost of the U.S.Straight Life insurance is non-participating Whole Life insurance that does not pay dividends. The premium is paid for the entire lifetime of the insured. Premiums are traditionally paid annually and premiums are level for life. Straight Life insurance has cash values and is sometimes used as another name for Whole Life.Answered on July 11, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNThe term straight life insurance is kind of a slang term with whole life insurance. The whole life insurance is set up near a minimum premium level calculation that takes the cash value from the whole life to pay premiums in later years to level your premiums for your lifetime. In other words, it is making a lifetime term life insurance policy out of a whole life insurance policy. The concept is to keep your premiums the same for your lifetime for the same face amount.Answered on July 23, 2015flag this answer
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