Since whole life policies are a combination of insuring the risk of death, and the cash value component, the risk portion will not be weighted so heavily. (lifewealthwin.com)
The payment received for insuring the risk is loosely related to the credit spread on the debt that is protected. (alephblog.com)
They are designed to offer a cost - effective mechanism for increasing liability coverage without simultaneously paying for additional coverage under other types of insured risk on a more broad based policy. (4autoinsurancequote.com)