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Whole life Annuity-life insurance?

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Whole life Annuity-life insurance?
Whole life insurance is a product that provides a death benefit, along with a feature that allows you to build up cash value. I am not exactly sure what you mean by Annuity Life Insurance, but typically speaking annuities are a type of insurance product that are geared primarily to build up investment value and then take out a guaranteed stream of income as a result.

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

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 is the difference between annuity life and whole life insurance?

1. annuity is paid till a person passes away whereas life insurance is paid after a person passes away to the beneficiaries 2. annuity is paid as periodic installments where

How do term life insurance and whole life insurance differ?

Term is strictly protection. Whole life is protection plus cash value. Cash value is similar a to a savings account within the policy. Part of the periodic premium goes to pay

What is whole life insurence?

  Whole life insurance is a life insurance policy thast remains in full force and effect for the life of the insured, with premium payments being made for the same period.

What is whole life insurance?

Whole life insurance gives you lifetime coverage at a premium rate that does not increase with your age after you buy. In the early years of the policy, when you're a low risk

Can you cash whole life insurance in?

  You can but make sure it is the correct thing to do. Once cashed it you can never get it back. Depending on your age (over 45) and the policy value, you may get more mon

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
What is the difference between life insurance and whole life insurance?

What is the difference between life insurance and whole life insurance?

The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime.

What is adjustable whole life insurance?

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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?

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What does whole life insurance mean?

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What is term and whole life insurance?

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
Is whole life insurance safe?

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,

What is whole life insurance comparison for?

The comparison of life insurance is a method of showing a possible consumer how the company provides the "most" benefits for the family. Since statistics are capable of being