Insurance, Whole Life Insurance Comparisons - Get the Best Rate
What is Whole Life Insurance?
This type of life insurance is a great option for people who need life insurance and who also want to build up an investment portfolio. It combines insurance and long-term investments. Every time you pay a premium, part of the premium pays for your insurance, and the other part is invested for you.
Because part of the premium is invested, whole life insurance premiums are higher than term life insurance. However, despite the higher premium, there are some definite advantages to this type of insurance:
* It forces you to invest money that you might otherwise spend.
* You can choose your investment vehicle, whether stocks, mutual funds, bonds, etc.
* You can earn dividends on your policy.
* The policy doesn't expire as long as you pay the premium.
* The premium doesn't increase as you get older.
* The policy builds up a cash value that you can borrow against.
* If you do cancel or surrender the policy, you still receive the cash value that has built up.
Comparing Policies
When you buy whole life insurance, you usually intend it to be a permanent policy, lasting your entire life. Therefore, you want to make sure you choose the best policy.
You can easily get quotes from several insurance companies by going to an insurance comparison website. To compare the quotes, look at ... * Mortality charges
* Cash values
* Dividends
* Death benefits
* Guaranteed rate of return
* Tax benefits
* Termination policies
* Administrative charges It's also important that you check the insurance company's rating. Since you expect the policy to last for your entire life, you want to make sure the company you choose is financially stable and solvent.
Where to Get the Best Rate
Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to get whole life insurance comparison quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on whole life insurance comparisons.
Related Tags: insurance, life, whole, comparisons
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