When To Use Whole Life Insurance?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Whole life insurance is an extremely flexible contract.  You can utilize its features whenever you want.  You don’t need to explain your reasons to anyone.  There is a provision to take a low-interest loan from the policy.  The policy can be surrendered for several options such as a lesser amount of insurance but without any premiums in the future, or a term policy that will extend the face amount into the future for a number of years, again, without any additional premiums.  

   Answered on March 27, 2014

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