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One can obtain premium whole life insurance through their current insurance company. Several companies such as TD Insurance and BMO Insurance, offer great rates.

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โˆ™ 2013-06-30 04:06:14
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Nutrition

23 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

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Q: How can one obtain premium whole life insurance?
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Related questions

What are some insurance companies that offer single premium whole life insurance?

Some Insurance companies that offer single premium whole life insurance are K&K Insurance, MetLife and Jackson National Life. Others are Mutual of Omaha or AXA Insurance.


What is a single premium life insurance?

single premium life insurance: Single premium life insurance is a form of life insurance that's paid with one upfront lump-sum premium. Once you've purchased a single premium policy, you would receive a permanent death benefit that extends until you die.


What is the difference between life insurance premium and non life insurance premium?

An insurance premium is the amount of money paid on a periodic basis for insurance of a given kind. The kind of insurance involved does not alter the definition of the term "premium". Therefore, a life insurance premium is an incremental amount paid for life insurance, and a non-life insurance premium is an incremental amount paid for another kind of insurance.


What is indeterminate premium life insurance?

Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium. But your premium can never be more than the guaranteed maximum.


What is the difference between whole life insurance versus term life insurance?

Term life insurance is an insurance that is set for a specific time period, for example, one can obtain term life insurance for 30 years. Whole life insurance covers one from application to death.


Which of these is the best description of whole life insurance?

purchased for a set premium cost with the option of paying in more.


What is graded premium life insurance?

Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.


Can you write off whole life insurance on your business?

Life insurance is tax deferred so you cannot use the premium as a tax write-off.


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't want to pay the high premiums on whole life insurance ask for term insurance quotes. Whole life insurance is a level premium from the time you get the insurance until you die which is good if you have an estate that will need liquid funds but not necessarily right for someone who is just looking for life insurance until their kids are grown or their mortgage is paid off


What is interest sensitive whole life insurance?

It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.


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

Life insurance is a more general concept that may refer to either whole life insurance or term life insurance. Whole life insurance gathers value the longer you have it, whereas Term life insurance does not obtain any value that you may use before you die. Term life insurance only pays out when you die.


With insurance the insured agrees to pay a specific premium each year until death?

Whole life


What are the benefits of having Term Insurance as opposed to Whole life Insurance?

The benefits of having Term Insurance as opposed to Whole Life Insurance are that Term Insurance is cheap for people up to the age of 50 and even up to the age of 65 in some cases. Whereas Whole Life Insurance is much more expensive as you are also paying for an investment in bonds or stocks which add significantly to the premium


What is Single Life Insurance?

It would be life insurance on a single life. Most likely you mean Single Premium Whole life which is a policy that you only pay one premium. It is highly appropriate and valuable over keeping money in the bank to pay for final expenses or transfer of wealth.


Where can one obtain premium quotes for Canada term life insurance?

There are a few Canadian insurance companies that one could compare the prices for life insurance. There are websites like Progressive and TD Insurance that will show their competitor's prices as well as their own.


What is premium holiday in life insurance?

A "premium holiday" is a provision contained in some whole life insurance policies that permits the cessation of premium payments, usually in the event of economic hardship. Premiums are paid from the accumulated cash value within the policy during this period. When the cash value has been exhausted, the policy is subject to lapse for nonpayment of premium.


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, fixed annual premiums. The primary disadvantages of whole life are premium inflexibility,the internal rate of return in the policy may not be competitive with other savings alternatives, and the cash values are generally kept by the insurance company at the time of death. Term life insurance provides life insurance coverage for a specified term of years in exchange for a specified premium. The policy does not accumulate cash value. A policy holder insures his life for a specified term. If he dies before that specified term is up, his estate or named beneficiary receives a payout. If he does not die before the term is up, he receives nothing.


What to do when term life insurance policy ends?

The nature of term insurance is that after a set number of years, the coverage ends. At that time, or ideally before, the insured may obtain another term policy with the same or a different insurer, to last for a further period of years. Alternatively, the insured can obtain some other form of life insurance, such as whole life. New term insurance that the insured tries to obtain will likely cost more in monthly premium due to the advanced age of the proposed insured. The premium increase can be ameliorated by reducing the amount of insurance purchased. Additionally, whole life insurance is, by its nature, more expensive, because one of its attributes is a savings element ("cash value") which term insurance does not have. If there have been adverse changes in the insured's health since the issuance of the original policy, they will be considered in the underwriting process. They may result in a further increase in premium (in addition to that attributable to increased age), a disqualification for coverage, or a willingness by the insured to issue a policy with only a limited amount of benefits.


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

Whole life insurance delivers coverage for the lifetime of the policy holder. It guarantees a fixed premium which can build cash value (which usually cannot be withdrawn without cashing the policy out). Term life insurance guarantees a fixed premium for a shorter period of time, and builds a better and more usuable cash value than whole life. At the end of the term policy the holder must either sign up for another term or forfeit coverage.


What is paid up contract in Insurance?

A paid-up policy is a whole life insurance policy for which no additional premium / payments are required to keep it in force.


What is flexible premium multifunded life insurance?

explain flexible premium multifunded life ins.


Can you purchase life insurance in a lump sum single payment?

Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.


How does universal life insurance differ from other forms of life insurance?

Universal life insurance means you will pay the same premium until death, where as with term life insurance you will pay a certain premium for a period of time and then may or not be offered the same premium again for another term.


What is a single pay whole life insurance policy?

A single pay whole life insurance policy is a permanent life insurance policy that requires a one time payment/premium. The policy is guaranteed to stay in force until age 121 (in USA) and no additional premiums need to be paid.


What kind of life insurance is burial insurance?

It is usually a simplified issue whole life policy. Burial insurance requires little testing and is issued quickly. The downside to that is paying a higher premium than you would through traditional whole life insurance. You can also take the help of experienced insurance agent who will assist you better in differentiating life insurance and burial insurance. I can suggest you the Rais Insurance as they are serving the services since 1982