More Life Insurance Artitcles

Opinions on Whole Life Insurance as an Investment Tool
Yes, it costs more, but whole life insurance packs a few perks that term life insurance doesn’t. The perk most people are interested in is the fact that whole life insurance usually offers fixed premiums; since it covers you for life, you could...Read More

That Terrible Life Insurance Agent
Oh, it's that life insurance agent...I don't want to see her. You've had a hard day at work. One employee arrived late while you had a long line of customers waiting to pay for their goods. You had to jump in and assist to get things running...Read More

Types of Life Insurance Explained
If you are considering purchasing life insurance, an overview of the available types should prove helpful. This article will briefly discuss the difference between whole and term life insurance, as well as some variations on whole life insurance....Read More

Universal Life Insurance Policy Definitions
A universal life insurance is a financial resource that provides money for your family in the event that you die. The money that is received by your family will come as a big help, since it will cover funeral costs, childcare, housing and other...Read More

Seven Things To Consider When Taking Out Life Insurance

Decreasing Term Life Insurance

Life Insurance the facts

Tell The Insurers Everything When You Apply For Life And Critical Illness Insurance

Life Insurance Rates

Whole Life Insurance Or Term Life Insurance: Which Is Right For You?

Knowing what kind of life insurance to get can be scary and threatening to the average person. Understanding the basic kinds of insurance products available out there can reduce some of that anxiety. How can you tell whether you should go with term life insurance or whole life insurance?

Term life insurance generally has the lower monthly premiums of the two. You can get higher coverage for a lower monthly payment. This kind of insurance is valid only for a certain period or term, hence the name. You purchase term life insurance to cover you until the kids grow up or until retirement or for another specified time range. If you don't make any claims against the policy, you won't receive any benefits from this type of insurance during the life of the policy. Other types of insurance are like that, examples include home insurance and auto insurance.

Whole life insurance on the other hand is viewed as a type of investment. A portion of the money you pay each month is invested into an interest bearing account or investment vehicle thereby increasing in value over the life of the individual who purchases this type of insurance. If you were to cancel a whole life insurance policy, the insurance company would return to you the value of the investment that has accrued since you began the policy minus any fees. Given enough time, the interest on this kind of policy can even grow large enough to cover the monthly premium that is due thereby potentially giving you insurance without a monthly cost.

How can you tell which type of life insurance is right for you? Know some of the basic advantages of each before deciding. Term life insurance generally results in lower monthly premiums with higher overall coverage. With the money you save on this type of life insurance versus whole life insurance, most people can still invest in other things like mutual funds, real estate or the stock market and get as good or better rate of return than the investment in a whole life policy. Many people will buy whole life insurance for specific tax or estate planning purposes.

While knowing these differences helps, I would suggest you find yourself an insurance agent you feel comfortable with and discuss which insurance plan is right for you. There is no substitute for a good adviser when navigating potentially complicated and difficult waters like life insurance.

About the Author :

Lucila Duchesne is the webmaster of AskLifeInsurance.com which offers information on term life insurance and life insurance topics in general. Reprint freely as long as you maintain the live keyword rich link in this resource box along with the article.


This article is distributed by: www.iSnare.com

Written by: Lucila Duchesne

Life Insurance A Weighty Issue

Whole Life Insurance Explanation

Understanding UK Life Insurance Cover

Whole Life Insurance Explained Is It Right For You

Life Insurance Settlement What They Are And How To Use Them

quot Life Insurance quot Should Be quot Death Insurance quot But They d Have A Hard Time Selling The Policies

Why to Choose Term Life Insurance

Insurance For Life…and Death.
Most people think of life insurance when it comes to having insurance in the event of death; however, life insurance isn’t the only insurance that’s nice to have when death is involved. People normally purchase life insurance policies for...Read More

Life Insurance - Do You Need It?
Many people are skittish about life insurance, because they feel that it is useless, or it makes them face their mortality, or they may arrogantly think that they won’t die. But let me reassure you, life insurance is not only useful, but also...Read More

The Ins And Outs Of No Load Life Insurance
What is no load life insurance? No load insurance is fairly uncommon, but many consider it better than the average whole life insurance package. Life insurance no-load simply means that it is not commissioned-based. The first year payments are...Read More

Top 5 Jobs Which Require Life Insurance
Life insurance is an important aspect of everyone’s lives and is something which everyone will have to face at some point in time throughout their lives. This point may come sooner rather than later for some individuals because of the job they...Read More

Types Of Life Insurance Policies
The number and different types of life insurance can cause much confusion to the new life insurance agent and in some cases to the life insurance buyer. You will get an overview of most of them here and how each one can be applied to your...Read More

Affordable UK Life Insurance
Are you in need of affordable UK life insurance? If you’re a woman, you might think the answer to this question is no. After all, life insurance has always been something that men mostly worried about. As the primary breadwinner, it has...Read More

Discount Life Insurance
Life insurance is a type of insurance policy that provides financial security and peace of mind for you, your family and dependants. It is based on the simple principle that should you die during the term of the life insurance policy, the person(s)...Read More

How To Get The Best Term Life Insurance Quote
It sounds easy enough. Just go online and get the best term life insurance quote from one of those quote providers. We’ve all heard about it. “Save 80% in 2 minutes!” The problem is – with so many choices – which web site do we trust to give us...Read More

Life Insurance - Dont let life catch you with your pants down. Get insured
Life Insurance Quote There may be plenty other things where you could spend your money, why put your money to buy Life Insurance? You could have bought that flat screen TV instead but then what good would it be after a few years? These things...Read More

Whole Life Insurance Policies

So What s Life Insurance All About

The Importance of Mortgage Life Insurance

Mortgage Insurance Mortgage Life Insurance

Home Insurance for a Lifetime s Investment

More Life Insurance Artitcles