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What percentage of life insurance is term life?

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It appears that the asker of this questions wants to know how much of the whole life policy they have is going for the insurance death benifit. It could also be that they are asking what percentage of life policies sold are term insurance policies.

Assuming the first thought is so, the answer is that it may be stated in your policy or under the 'right to know' sections of your policy illustration. you can even know what percentage commission your agent gets if you ask him or the company.

I will use the illustration that I find interesting. A mid 30 female asked for a quote on life insurance. A 1 million dollar policy. For $60/ month she could buy term insurance, for $470/ month she could buy whole life.

What percentage is going toward term insurance or the death benefit? I see it has a $410/month difference, which if invested well will perform better in the long run.

If it is the 2nd question, I do not know the answer.
Thanks for the feedback!

What 's a term life insurance?

Term life insurance is a type of life insurance that covers an insured for a specified period of time. The best example of this is flight insurance - a term policy that covers

What are the characteristics of term life insurance?

The charateristics of term life insurance include temporary  coverage, no cash value, and the policy expires if you outlive the  term. Term life insurance is temporary life

What do you mean by the term life insurance?

Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years.   Term life insurance is available for 1-40 years, dependin

What is basic term life insurance?

Term life insurance is what people call "pure insurance." You pay a premium for a specific period of time, usually 10 to 30 years, and the company will pay a death benefit to

Life insurance as percentage of income?

That really depends on who you ask. I would say leave enough for funeral, pay about half of your kids college, pay off your mortgagr and 2 years of your income. Your funeral s

What is decreasing term life insurance?

Decreasing term life insurance is a variety of term insurance in which the death benefit decreases on a scheduled basis. One of the features of term insurance is that, at le

Who buys term life insurance?

Many different types of people buy term life insurance for temporary life insurance needs, such as, Individuals Couples Married Couples Young Families Homeowners N

How do you sell term life insurance?

This can be answered in many different ways, but I will try to wrap it up into one post. Term LI appeals to people who may be on a budget, who have younger children, a new mor

Can you cash out term life insurance?

If you have a permanent type of policy such as whole life or universal life there may be some cash value to recover.If it is a term insurance policy there is no cash value so

What are term life insurance rates?

Term life insurance rate varies by the company you are getting life insurance from. Some insurance rates will vary from pretty cheap to pretty expensive. It is important to de

What is group term life insurance?

Group term life insurance is a form of life insurance protection provided by an employer for its employees. A group term life policy is usually issued for a period of one year

What is term and whole life insurance?

Term insurance is written for a specific period of time or until an age certain (the term). It may be for 1 year, 5 years, 10 years or it may be until age 60, 65, 70, etc. At

Can term life insurance be converted?

The importance of having a life insurance cover is being felt  across the society. With uncertainties rising by the day and every  family's need for financial stability, the

What is term life insurance used for?

Term life insurance is generally used to cover short-term debts, provide additional protection during child raising, help provide the family's loss of income, and provide long

What is the premium term life insurance?

Term life insurance is an insurance one would buy if they are looking to insure themselves for a specific term such as 20 years. This is a relatively low cost and basic insura