Whole Life Insurance Explained

Whole Life Insurance Explained

When looking to have whole life insurance explained in detail you should also ask the question what is universal life insurance. The reason for this is because both whole and universal coverage types are quite similar and can be combined. Whole life insurance is coverage that lasts your entire lifetime. Depending on the policy and company you choose, your premiums may stay the same throughout your life, which means if insured when young and healthy you may be able to lock in very affordable rates.

If you are of advanced age and prefer a whole life policy for a short term such as 15 years, or want to pay cash for the entire whole life policy, many companies can help you do just that. State Farm is just one example of a well-known insurance company who offers this option. In some cases, whole life policies create dividends for the insured. These dividends are not guaranteed but if you do accumulate them they will be paid to you by the insurer. Whole life insurance, unlike term, also offers guaranteed cash benefits based on the specifics of your policy.
Universal life insurance was actually derived from whole life insurance and is similar in many ways. However a universal policy is more flexible when it comes to dividends and investments. Any premium payments above the actual cost are credited as cash to an investment account. Most would say that a universal life policy is a stable and conservative investment vehicle. Variable universal life policies are even more flexible because the policy holder can choose where they want their funds invested and there are more investment options including stocks.
Now that you've seen whole life insurance explained and learned what is universal life insurance, you are better equipped to make a decision regarding your insurance needs. One way to begin the process of obtaining insurance is to shop around for life insurance quotes. The Internet is a great tool because not only are there free life insurance quote providers, there are also calculators to help you figure out how much insurance you need. With all the resources online and available from your insurance company (if you currently have one) you should be able to find the ideal life insurance coverage for you and your family.

Life Insurance News:

Securian Promotes, Appoints Five to National Account, Retail Wholesaling Positions ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial Group, Inc. reorganized its retail life insurance and annuity products distribution system with a new hire, promotions for three people and expanded responsibilities for another...

Marketing Life Insurance Is a Game For AXA Equitable EUR” Online Get Business Mobile Text Alerts Countless video games from Pac-Man to Grand Theft Auto involve a character trying to stay alive while advancing to trickier levels...

Imperial Holdings, Inc. Announces Third Quarter 2011 Results Imperial Holdings, Inc. (NYSE: IFT) ("ImperialEUR), a specialty finance company providing liquidity solutions with a focus on individual life insurance policies and purchasing structured settlement payments, today announced financial results for its third quarter and nine months ended September 30, 2011...

Best Issues Special Report on New Zealand's Non-Life Insurance Market - Insurance Journal Post Online Best Issues Special Report on New Zealand's Non-Life Insurance Market Insurance Journal A new report from AM Best examines New Zealand's non-life insurance market, which it describes as being EURœin a state of transformation as it grapples with prolonged earthquake activity in addition to regulatory developments.EUR The report, EURœNew Zealand's . AM Best Publishes New Special Report Examining Transformation of New Zealand's .MarketWatch (press release) AM Best: New Zealand P&C Market Eying Alternatives, Including CaptivesPropertyCasualty360 all 15 news articles » ..

Why health insurance can't be sold like life insurance - Livemint Why health insurance can't be sold like life insurance Livemint The Life Insurance Corp. of India (LIC) launched its health insurance policy EURœJeevan ArogyaEUR with much fanfare on 1 June, following the footsteps of its reasonably successful LIC Health Plus (a unit-linked insurance plan or Ulip) in January 2008. . and more » ..

Best Issues Special Report on New Zealands Non-Life Insurance Market A new report from A.M. Best examines New Zealands non-life insurance market, which it describes as being EURœin a state of transformation as it grapples with prolonged earthquake activity in addition to regulatory developments.EUR The report, EURœNew Zealands Insurance Market EUR¦..

Local J. Morey Company Provides Answers to Frequently Asked Questions Regarding CA Life Insurance Area insurance experts at J. Morey Company educate their local community on the benefits of life insurance coverage. (PRWeb November 14, 2011) Read the full story at http://www.prweb.com/releases/2011/11/prweb8960184.htm..

10-Q: GREAT WEST LIFE & ANNUITY INSURANCE CO - Middle East North Africa Financial Network 10-Q: GREAT WEST LIFE & ANNUITY INSURANCE CO Middle East North Africa Financial Network The Individual Markets segment distributes life insurance and individual annuity products to both individuals and businesses through various distribution channels. Life insurance products in-force includes participating and non-participating term life, . SOUTHERN COMMUNITY FINANCIAL CORP - 10-Q - Management's Discussion and .Insurance News Net (press release) all 197 news articles » ..

Life Insurance for College? No! Have you heard the latest pitch from your insurance agent? Provide protection for your children and save for their college education now is being marketed by insurance companies to their clients. We all like it when we combine products to make our lives simpler such as the value meals and our internet and phone service. This might not be the best course of action when choosing life insurance on ...

CaliforniaLife.com Offers Life Insurance Plans in Less than 48 Hours with No Exams Required HUNTINGTON BEACH, Calif., Nov. 14, 2011 /PRNewswire/ -- Even those with life insurance realize they need more; the average main-street American only has enough for 3.6 years of replacement income. CaliforniaLife.com makes the process simple with online quoting, applications and...

Bharti AXA Life launches 2 new products Private insurer Bharti AXA Life Insurance today launched two new products, namely, Bharti AXA Life Future Invest and Bharti AXA Life Power Kid Insurance Plan...

CaliforniaLife.com Offers Life Insurance Plans in Less than 48 Hours with No . - MarketWatch (press release) CaliforniaLife.com Offers Life Insurance Plans in Less than 48 Hours with No . MarketWatch (press release) 14, 2011 /PRNewswire via COMTEX/ -- Even those with life insurance realize they need more; the average main-street American only has enough for 3.6 years of replacement income. CaliforniaLife.com makes the process simple with online quoting, . and more » ..

China Life Insurance Crosses Above its 10-day MA (LFC) - Financial News Network Online China Life Insurance Crosses Above its 10-day MA (LFC) Financial News Network Online Today, shares of China Life Insurance (NYSE:LFC) have crossed bullishly above their 10-day moving average of $42.04 on a volume of 453K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests . and more » ..

Local Company Using Video Games To Market Life Insurance Get Business Mobile Text Alerts Countless video games from Pac-Man to Grand Theft Auto involve a character trying to stay alive while advancing to trickier levels...

Personal Finance: What you should know about life insurance Insurance can be one of the least understood aspects of your financial plan. And unfortunately, you often hear of people being sold insurance that they may not need...

Marketing Life Insurance Is a Game For AXA Equitable EUR” Online - Hartford Courant Hartford Courant Marketing Life Insurance Is a Game For AXA Equitable EUR” Online Hartford Courant But what if death didn't end the game EUR” as long as the character had life insurance? Then the gamer could pass on collected worth to subsequent generations in a long lineage of fictional avatars benefiting from proper risk management. . Bharti AXA Life launches two productsEconomic Times all 7 news articles » ..

East Valley woman claims life insurance was erroneously canceled - AZFamily e-wisdom.com East Valley woman claims life insurance was erroneously canceled AZFamily EURœI have a lot of family, I have three children and grandchildren so I feel like my life's been worthwhile,EUR Stanley said. So to help her family out, Stanley purchased life insurance years ago from Globe Life and Accident Insurance. . Q&A: Advice for the life insurance beginnere-wisdom.com Personal Finance: What you should know about life insuranceLexington Herald Leader all 3 news articles » ..

Life insurance for college? No! - Zanesville Times Recorder Life insurance for college? No! Zanesville Times Recorder We all like it when we combine products to make our lives simpler such as the value meals and our internet and phone service. This might not be the best course of action when choosing life insurance on your children to help save for college. . and more » ..

California Insurance Company, Sofi Insurance, is Providing Low-Cost Health . - Sacramento Bee California Insurance Company, Sofi Insurance, is Providing Low-Cost Health . Sacramento Bee On top of the basic health coverage, Sofi Insurance also offers a full line of policies for children, students, life, supplemental, automobiles, homes, and even travel. A once a stressful process is now easier than ever. Customers will be able to go . Local J. Morey Company Provides Answers to Frequently Asked Questions .San Francisco Chronicle (press release) all 10 news articles » ..

10-Q: PRUCO LIFE INSURANCE OF NEW JERSEY - Middle East North Africa Financial Network 10-Q: PRUCO LIFE INSURANCE OF NEW JERSEY Middle East North Africa Financial Network Management's Discussion and Analysis of Financial Condition and Results of Operations Pruco Life Insurance Company of New Jersey meets the conditions set forth in General Instruction H(1)(a) and (b) on Form 10-Q and therefore is filing this form with . and more » ..