Uploaded by LakvisionByscop
on 9 January 2017
Why do I need a life insurance policy?
Because you want to protect your loved ones and their future. We know you can't put a dollar amount on your family, but you can ensure their future is protected. And life insurance rates are more affordable than you might think.
What is a 'Whole Life Insurance Policy '
Whole life insurance is a contract with premiums that includes insurance and investment components. The insurance component pays a predetermined amount when the insured individual dies. The investment component builds an accumulated cash value the insured individual can borrow against or withdraw. This is the most basic type of cash-value life insurance.
Who Needs Whole Life Insurance?
Different types of life insurance fit different people. Whole life insurance is indicated for individuals in a variety of situations. These situations include the need to provide dependent family members with funding after the head of a household dies; to liquidate business debts, mortgages or provide family members with funds to pay down debts; to fund requests from charities; and to ensure cash is instantly or quickly available to surviving family members. There are a variety of other circumstances that may indicate whole life insurance for individuals.
The Four Best Life Insurance Companies in 2016
The purchase of life insurance can be one of the biggest decisions you ever make. Having this important coverage, and getting the right type of life insurance, can ensure that those you love and care about the most will be able to move forward financially - even in the event of unexpected and emotional circumstances.
Deciding on the Best Life Insurance Company for Your Coverage
Today, there are literally hundreds of insurance companies to choose from - and each may have its own unique blend of products and services. So, how can you best narrow down which of these are the very best companies for your specific coverage needs and goals?
Without being directly involved in the insurance industry on a regular basis, it can be difficult to determine which insurers are sound, and which should be avoided. The good news is that we work with numerous insurers, and we've done a great deal of the research for you. This can save you a considerable amount of time and frustration as you sort through your life insurance options - so you can get back to enjoying life.