The raging fires of the debate as to whether term life insurance is
superior to permanent life insurance have cooled somewhat even though
some so called experts hold fast to their beliefs.
There are some, even though they have no real qualifications in insurance who hold to to the idea that term is better. There are others who claim to be investment experts who also agree.
Has anyone ever bothered to ask the actuaries who have spent hours designing these products what their opinion is? Has anyone asked the consumer? The desire for permanent life insurance never died but on the other hand term insurance is more popular than it used to be.
What will happen to your family when you die? Will they be provided for?
Life Insurance is the solution and we can help. Compare Multiple Quotes
from Highly Ranked Carriers and Save up to 70%! Getting your quote is
easy and FREE.
Click Here And Save
There are strong arguments that term insurance is pure
but is it really? There are the contenders who claim that the
difference between the inexpensive term policies and the more costly
whole life insurance if invested would yield humongous profits but will
Is that money invested anyway? Americans are enjoying more prosperity today than they ever had. Can a part of their prosperity be attributed to the fact that they are investing more money? Is the money saved or invested a result of the fact that they buy more term insurance and therefore have more money to put away? I don't think so.
Americans earn more money today than they ever have and they are more conscious of the possibilities of true prosperity if they invest their money. The fact is that buying term life insurance as against whole life has nothing to do with their upward financial movement.
Term life insurance
is good insurance simply because it provides cash or income for our
loved ones if we should die while they still need to depend on us. The
cost is minimal, depending on the type of term life insurance policy you
The truth is that whole life insurance does the same thing. Your outlay is more but whole life provides many options that term does not consider.
Whole life has cash values that can be left to accumulate with the life insurance company. Your whole life policy can also earn a dividend.
The amount will depend on how well the company performs.
Dividends are not guaranteed. The dividend can be left to accumulate interest, can be used to reduce premiums or may be used to purchase paid up additions which are small single premium policies of the same type as the base policy. These additions also accumulate interest.
I think these so called experts should refrain from trying to tell people what type of life insurance
to purchase and give them the option of looking at both types.
These people are quite capable of making their own decisions as to whether the superiority of term insurance is a myth or is in fact a truth that all intelligent people should accept.
In some cases you can buy term or permanent life insurance online without a physical exam. All you need do is simply answer a few health questions. The answers are verified by the Medical Information Bureau.
There is nothing more important than your family's security. What would
happen to your family if you died? Would they be provided for? Compare
Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE.
Click Here To Learn More
Home | Life Insurance Articles | Term Life Insurance Superiority | Whole Life Insurance | Universal Life Insurance | Affordable Life Insurance | Annuities | Beneficiaries | Best Life Insurance Policy | Business Life Insurance | Limited Liability Companies | Life Insurance With No Exam | Variable Universal Life Insurance
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.
Interested in term insurance policies? Want to know how they work? Take a quick look and see which one best fits your needs. Term insurance is temporary insurance. Term policies, in other words, offer…
Want to know how term insurance works? Want to find out which policy, term or permanent, is best for you? What I want to do here is give you a basic and general outline of term life insurance policies…
Term insurance quotes from high level life insurance companies should be the order of the day for anyone seeking life insurance. There are about 2000 life insurance companies willing to sell you a pol…
Want to buy some life insurance no exam required? It is much easier to get than most people think. Yes, the life insurance company protects itself but if you give them the facts you will get a good po…