whole life insurance

Whole life insurance provides for the policyholder's family for life (usually to age 100). Payments are high, but the insurance company uses a portion of each payment as investment money. When a policyholder pays more on a payment, they will earn more in interest earned from the insurance company's investments. A flat rate of interest will be guaranteed and stated at the creation of the policy. It is usually around 4%. However, as it is used in many sorts of investments, the company may earn below that percentage or well over it. However, the policyholder will never be hurt when it is below.

Fast Facts

The owner of the life insurance policy has no control what type of investments are made with the payments made to the insurance company.
Whole life insurance is contractually obligated never to lapse if sufficient payments are made.

whole life insurance - Financial Planners, Articles and Q&A

Search Results for "whole life insurance"

Articles

Results 1-5 of 55 for "whole life insurance"

Equity Indexed Life Insurance

Equity Indexed Universal Life Insurance, also referred to as EIUL, can be defined as permanent life insurance ...
- Site: financialplannernetwork.com
- 2 of 2 user(s) found this useful
Estate Planning

Are you in need of professional advice regarding estate planning?...
- Site: financialplannernetwork.com
How to Buy a Home

The purchase of a house is probably the single largest financial investment that a person undertakes in their ...
- Site: financialplannernetwork.com
- 2 of 3 user(s) found this useful
Options for Getting Financial Advice

With recent concerns about our economy and job losses, getting financial advice is a prudent move. You can get...
- Site: financialplannernetwork.com
Dual-Income Households

Money is the number one problem couples fight about. It's often the spark that ignites bickering about ambitio...
- Site: financialplannernetwork.com