What Is Custom Whole Life Insurance?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Custom whole life insurance is a company specific product that allows you to select how many years you will pay on your whole life policy before it will be paid up.  If the premium paying period is shortened the premium deposits will be increased, however, the cash value will increase more swiftly, lowering the cost for insurance and ultimately the cost for owning the policy.  A single premium whole life insurance policy is, from that perspective, the least expensive policy that you can purchase.
    Answered on May 14, 2014
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