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.
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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.
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.
Whichever way you elect to go you will need to qualify for your policy. In some cases you don't even need to do a physical. You just answer a few health questions which will be verified.
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Death proceeds from 10 year life insurance can be in lump sum form or incomr form
The 5 year term life insurance policy has been around in insurance circles for a very long time. It can be sold as a policy or as a rider to a permanent life insurance policy.
The 20 year term insurance policy is one of the most sought after life insurance policies.
Take a look at 20 pay life insurance. Most people know that you buy whole life insurance if you want to be covered for the rest of your life even if you live to age 100.