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Whole Life Insurance - Permanent Life Insurance Rates

Whole Life Insurance | Whole Life Quotes

 

What is Whole Life Insurance?

Whole life insurance is a life insurance policy that offers a guaranteed death benefit and guaranteed cash values for life.  A whole life policy can either be participating whole life or non-participating whole life.  If the policy is participating, the owner may also receive a dividend each year.  While dividends are not guaranteed, many of the top rated life insurance companies have a strong history of paying them to policyholders.  Dividends by definition are considered a return of excess premium and are not taxable under current guidelines.  These dividends can be used in several ways:

  • The dividend can be taken as a cash payment
  • The dividend can be applied to the policy’s cash value – this option allows for the greatest cash value accumulation
  • The dividend can be used to buy paid-up additional insurance – increases the total death benefit
  • The dividend can be used to offset the premiums – lowers the potential cash value growth, but lowers out-of-pocket premium expenses


Who should buy Whole Life Insurance?

Whole life insurance is a suitable plan for both individuals and businesses.  Individuals can protect family assets and future earning potential.  Some of the common reasons to purchase whole life are:

  • Income protection
  • Mortgage protection
  • Retirement funding
  • Pension maximization
  • Estate planning purposes
  • Charitable donations

Whole life can be used to protect business interests of owners and provide additional compensation benefits for key employees.  Some examples are:



How can I get a quote for Whole Life Insurance?

Simply fill out the short form below and we will contact you as soon as possible for a free no-obligation consultation to determine the perfect plan for your personal needs.  You can also instantly compare quotes for term and universal life insurance.  Please feel free to give us a call at 1-800-571-2980 from 9 AM to 9 PM Eastern Standard Time or This e-mail address is being protected from spambots. You need JavaScript enabled to view it 24 hours a day.  We look forward to hearing from you!

 

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