Insurance Educator, North American Senior Benefits, Houston, tx
What is the best Whole Life Policy?
While there is no direct answer to this, the best answer is whatever policy will best protect your family. There are different types of whole life policies. The most common is ordinary whole life, also called "straight Life" or "Permanent" (cash value) Insurance. You pay a level premium for the rest of your life, as long as you are making your monthly premiums. The premium never increases and your policy accumulates cash value.
How much life insurance ( death benefit ) will you need? That determines on a number of factors such as: Do you have any children/grandchildren you want to leave money to? How much of your income does your spouse depend on? Who depends on you financially? How much debt do you owe? Do you want to leave money to your favorite charity?
You want to make sure you buy enough life insurance to cover your financial obligations if an unexpected or untimely death occurs. It is also important your premium fit's within your budget.
Because if you can't afford it, it isn't any good for you or your family.
An insurance agent is the best person to get with to compare the different types of life insurance and find a policy that best suits your situation. I work with many top insurance carriers with the most competitive rates. I'll do the shopping for you!
Thank you & Be Well,
Mendy Douglas
www.iflretirement.com/mendy-douglas/
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The best whole life policy is the one that pays the death benefit when you die. Regardless of how much you paid in premiums, the death benefit will be greater in most cases. Your beneficiaries will appreciate your love and concern for them when they receive the benefit. The key is to have a policy in force.
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While there is no direct answer to this, the best answer is whatever policy will best protect your family. There are different types of whole life policies. The most common is ordinary whole life, also called "straight Life" or "Permanent" (cash value) Insurance. You pay a level premium for the rest of your life, as long as you are making your monthly premiums. The premium never increases and your policy accumulates cash value.
How much life insurance ( death benefit ) will you need? That determines on a number of factors such as: Do you have any children/grandchildren you want to leave money to? How much of your income does your spouse depend on? Who depends on you financially? How much debt do you owe? Do you want to leave money to your favorite charity?
You want to make sure you buy enough life insurance to cover your financial obligations if an unexpected or untimely death occurs. It is also important your premium fit's within your budget.
Because if you can't afford it, it isn't any good for you or your family.
An insurance agent is the best person to get with to compare the different types of life insurance and find a policy that best suits your situation. I work with many top insurance carriers with the most competitive rates. I'll do the shopping for you!
Thank you & Be Well,
Mendy Douglas
www.iflretirement.com/mendy-douglas/