shopify analytics ecommerce
tracking

Advantages Of Whole Life Insurance

The Truth About Whole Life Insurance

Are you aware of the advantages of whole life insurance? A very convincing life insurance agent persuaded you to buy your whole life insurance policy 20 years ago.

You subsequently bought some term life insurance as well because you felt you needed additional life insurance protection for your family.

The only time you thought of your whole life policy since is when you heard the constant buzz that term life insurance was better. You never took the time to get into the details because you earned a good income and never was short of cash.


Shop and compare Insurance Rates from 100's of the Top Carriers. Get the Best Quotes possible. Save up to 70%. Click Here For Free Quotes


Advantages Of Whole Life Insurance

20 years down the line you decide to find out a little more about your whole life insurance policy. You want to examine the advantages of whole life insurance as they apply to you and your policy.

Let us see if there was any advantage to owning this policy. You call in a representative from the company.

  • The Death Benefit

    Well, you see that your policy has maintained the death benefit as the agent told you it would.

    In fact the death benefit is more than you thought it would be because you opted to use your dividends to purchase paid up additions which are small single premium whole life insurance policies.

    So, upon your death your family would have received more than you thought they would have.
  • Your Longevity As it Relates to your policy

    You have been reminded by the agent that one of the advantages of whole life insurance is that you can keep your policy for as long as you live, even if you live to age 100.

    So now that your children are grown, even though you may feel you don't have as much need for life insurance, you still can keep your policy and maintain some life insurance coverage. You can keep your whole life policy if you choose.
  • Cashing Your Whole Life Policy

    The agent you called in made certain he was well prepared before he came to see you. He made certain to have the current cash value of your policy available for your perusal. You did not get rid of the original illustration you got when you bought your policy.

    The agent now shows you you present cash value. When compared to the original illustration you are surprised, and pleasantly so, that you present value, including, dividends, far exceeds the amount on the illustration.

    In your case, the cash values far exceed the total premium you paid up to that 20 year point.

    Dividends are certainly not guaranteed by any life insurance company, but this type of occurrence is not uncommon. I am certain that you will agree that this is one of the great advantages of owning whole life insurance...a comforting feeling isn't it.

I have recommended time and time again to my clients to buy a good term life insurance policy because it costs, less but I never fail to stress the many advantages of whole life insurance ownership as well.


Want to protect your family with life insurance? Take a Free look at Top Quality Life Insurance Quotes from a Highly Rated Carrier and Save. Click Here For More Info


Home | Permanent Life Insurance | Term Versus Whole Life Insurance | Term Life Insurance Quotation | The Advantages Of Whole Life Insurance | Whole Life Insurance | Whole Life Insurance Online | Whole Life Insurance Quotes | Universal Life Insurance | Graded Premium Life Insurance | Term Life Insurance Policy Provisions | Term Life Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Life Insurance - Reasons Why You Should Buy Now

    Should life insurance buying be seen as an urgent matter? There is something about some people that at times may cause them to procrastinate about matters that could end up being quite costly...

    Read More

  2. Affordable Term Insurance - Affordable Term Life Insurance Policy

    Let us talk affordable term insurance. You want a policy that can fit into your budget, right?

    Read More

  3. Advantages Of Whole Life Insurance - Advantages To Owning Whole Life Insurance

    It can be a very satisfying feeling when you become aware of the advantages of whole life insurance for the first time.

    Read More

  4. Best Term Life Insurance Rate - Learn Which Is The Best Term Insurance Rate

    The best term life insurance rate can be quite easily found on the internet today because web insurance companies have done intense research on behalf of the consumer.

    Read More

  5. Great 30 Year Term Insurance Policies Explained - 30 Year Term Life Insurance

    I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.

    Read More