Business Here Are Three Advantages Of Buying Whole Life Insurance
#1. Whole Life insurance is "permanent" insurance coverage that is designed to provide protectionfor you for as long as you live, up until the age of 100. This is unlike most Term Life policies which are only designed to provide coverage for a specific period of time, such as a "10 Year Term" or "20 Year Term" policy.
#2. It provides a cash value that you can borrow against later in life. Many states require that the cash value exists within a short period of time, such as three years from the time you purchase the policy.
#3. There are many critics of Whole Life insurance because you are paying more than you would for Term Life and part of the premiums are being placed into a savings account. However, if you look at the two good reasons above you may change your opinion. Think about this for a moment. Do you already have a savings account? If so, are you putting money into it on a regular basis? Do you consider your savings account to be an asset that you can use anytime in the near future if needed?
These are all things that you should consider before turning your back on a Whole Life insurance policy. Many Americans find it almost impossible to save and when they do, they usually end up dipping into it before it can accumulate into anything substantial. This is one of the big advantages of Whole Life insurance. You pay into it just like any other bill and later in life you'll actually have something to show for it.
Summary - These are just a few of the advantages of Whole Life insurance. For many people they're not adavantages at all because they have no trouble saving money and would rather buy Term Life instead and invest their money elsewhere. However, for those peopleple that want something more permanent and would like something that they know they can rely on in their future, the advantages of Whole Life insurance cannot be ignored. Joe Stewart Has Worked As A Life And Health Insurance Agent In Washington State. Learning About Life Insurance Is Now Easier Than Ever! Visit His Website Right Now At TheLifeInsuranceGuys.com or by clicking on Whole Life Insurance
Related Tags: policy, care, premium, agent, cheap, life insurance, family, benefit, affordable, policies, coverage, term, quote, beneficiary, whole, burial, health ma
Your Article Search Directory : Find in Articles
Recent articles in this category:
- The No. 1 Rule For Projecting Confidence - Speak With Authority
One of the most important characteristics a person can project in a business setting - or any situat - After the Autumn Checkout European Debt Crisis and U.S. Brewing Rebound
In the commotion caused by the Fed on interest rates come to an end, the "disastrous" for the euro a - Advantages Of Arcade Game Rentals
There are many different advantages to arcade game rentals. Most people need something to release th - A General Primer on Truck Cargo Nets
In modern highways it is quite rare to see truck cargo nets in action, this is because they are usua - The United States Will Burst More Severe Financial Crisis
Not long ago, suddenly announced that the central bank to raise interest rates, the interest rate hi - Niche Marketing Profits - 3 Easy Steps to Finding a Profitable Niche Market Income in 10 Minutes
Like most beginners I was having a very difficult time trying to find a niche market to earn extra m - The Importance of Hospitality Management Consulting Firms Toronto
Businesses and the managers that help guide any business are in a constant state of improvement and - New Keynesian Theory Label
2010 winner of the Nobel Prize in Economics three theories have been labeled as "New Keynesian" labe - Federal Reserve Pouring Money QE2 Unpredictable Fortune
U.S. economist Milton Friedman proposed a "throw the cash from a helicopter" view, while the practic - Fiscal Consolidation Should no Longer Delay
British Chancellor of the Exchequer George Osborne today announced fiscal consolidation policy, shoc
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a
