Just as we see
with ordinary whole life insurance policies, the death benefit is guaranteed as long as the premiums are paid.
You may be looking at this example and adding up cash value plus death benefit, but remember:
With ordinary whole life insurance policies like this one, your beneficiaries do not receive the cash value when you die; they receive only the death benefit.
Not exact matches
Here are the sample
whole life insurance quotes based on a preferred plus male wanting
ordinary whole life insurance to age 100
with an A rated
insurance company or better.
In reality, a properly designed
whole life policy, blended
with term
insurance and paid - up additions, carries a very low commission for the agent in comparison to
ordinary life insurance.
For these folks diagnosed
with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a
whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for
ordinary life insurance again later on in
life.
High cash value policies
with paid up additions earn cash accumulation much faster than
ordinary whole life insurance.
If this happens, you may end up
with less death benefit and cash value than if you had purchased an
ordinary whole life insurance policy.
Ordinary whole life insurance offers «permanent protection»
with a cash value account that grows over time.
Here are the sample
whole life insurance quotes based on a preferred plus boy for
ordinary whole life insurance to age 100
with an A rated
insurance company or better.
Here are the sample
whole life insurance quotes based on a preferred plus male wanting
ordinary whole life insurance to age 100
with an A rated
insurance company or better.