A little - known benefit hidden in
most whole life contracts is the option to use accelerated benefits — just like term policies.
Not exact matches
For
most, a level term policy will be best, so steer clear from a
whole life policy and other cash value
contracts.
The simple answer is that in
most cases, a traditional
whole life insurance policy is a better choice than a variable universal
life insurance
contract.
This is because it's likely this condition may become an ongoing occurrence which is why
most (if not all)
life insurance companies are going to automatically decline someone from qualifying for a traditional term or
whole life insurance police if they first
contracted their hydrocephalus as a baby.
Whole Life II is available in
most states through
contract series LP0720 and in New York,
contract series NYLU696.
In the case of
whole life,
most contracts don't allow a reduction of face amount.