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:
A few years ago you purchased your term life insurance policy. You pay a very inexpensive premium. You have recently discovered that a hereditary disease will likely rear its ugly head.
Term insurance no medical exam. If you are looking to buy term life insurance and can't seem to find the time to get it done.
Have you ever considered that when you buy life insurance you increase your spendable income? We all have responsibilities that we pay special attention to.