Whole life insurance explained.
Why is it that people still prefer to own whole life insurance even though term life costs so much less?
The question that people should really be asking is..."is term life really cheaper?"
You really put out a lot less for term insurance and if you died within the term period you had made the correct decision when you bought term.
The question is what if you don't die in that term period? Had you
settled for a smaller amount of whole life insurance you would have some
money to get back.
People buy whole life simply because they get something back if they don't die. You can also keep whole life for as long as you live but term only lasts for a specific number of years.
Go to this page where you will find whole life insurance explained in more detail.
Speak with a Licensed Agent:
Life insurance with no medical is the easy way to buy life insurance. Younger people can get a very large amount of coverage without having to do a medical.
Want no medical exam life insurance? Up until very recently it was probable to get some life coverage up until age 65 without having to do a full blown medical examination.
Whether or not they admit it financial security is important to every individual.
How does one determine which is the best life insurance company with which to do business?
The amount of spendable income an individual has helps determine what is affordable life insurance.