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Which of these is an element of whole life insurance?

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under this type of policy, the insured pays premiums for his or her entire life :)

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What is the difference in Whole Life Insurance and Permanent Life Insurance?

They are the same thing. Whole/Permanent Life Insurance stays at the same monthly quarterly, semi-annual, or yearly premium; they don't go up or down. The Policy amount stays

What benefits does whole life insurance offer?

Although whole life insurance does tend to require payment of a premium every month, it also gives the owner the piece of mind that their premiums will never increase. Whole l

Is Universal life insurance the same as Whole life insurance?

Universal and whole life insurance are both types of permanent life insurance, which means that you'll be offered guaranteed coverage up until death, as long as you are paying

When do you stop paying for whole life insurance?

Whole life insurance has a definite period during which premiums are paid. This will be specified in the policy. When first purchased, in addition to the amount of insurance s

What is adjustable whole life insurance?

Adjustable whole life insuranceAdjustable whole life insurance allows you to vary your coverage as your insurance needs change. You normally choose the face amount you need an

Is whole life insurance a security?

Whole Life insurance is not a security. Because there is a guaranteed cash value during any year the policy is in force there is no risk of loss of principle (unlike a securit

Whole life insurance Vs term life insurance?

Whole life insurance is the most expensive type of life insurance. The advantages of a whole life insurance policy include guaranteed death benefits, guaranteed cash values, f

Why is whole life insurance not the best insurance to have?

Whole life insurance is not necessarily bad but it may not be right for you as it can be substantially more expensive than a term insurance. If you need life insurance but don

What is graded whole life insurance?

  It is a cash value policy with a death benefit that gradually increases to the full death benefit over time usually a period of 3 years. This type of policy is offered t

What does whole life insurance mean?

Whole life insurance, as the name implies, is insurance which provides coverage for the policyholder's entire lifetime. Whole life policies can be divided into two categories

Is whole life insurance safe?

Yes It depends what you mean by safe. Historically, they have been safe in the sense that insurance companies have generally paid claims and let policy holders take out loans,