Whole Life Insurance Explained

When looking to have whole life insurance explained in detail you should also ask the question what is universal life insurance. The reason for this is because both whole and universal coverage types are quite similar and can be combined. Whole life insurance is coverage that lasts your entire lifetime. Depending on the policy and company you choose, your premiums may stay the same throughout your life, which means if insured when young and healthy you may be able to lock in very affordable rates.

If you are of advanced age and prefer a whole life policy for a short term such as 15 years, or want to pay cash for the entire whole life policy, many companies can help you do just that. State Farm is just one example of a well-known insurance company who offers this option. In some cases, whole life policies create dividends for the insured. These dividends are not guaranteed but if you do accumulate them they will be paid to you by the insurer. Whole life insurance, unlike term, also offers guaranteed cash benefits based on the specifics of your policy.

Universal life insurance was actually derived from whole life insurance and is similar in many ways. However a universal policy is more flexible when it comes to dividends and investments. Any premium payments above the actual cost are credited as cash to an investment account. Most would say that a universal life policy is a stable and conservative investment vehicle. Variable universal life policies are even more flexible because the policy holder can choose where they want their funds invested and there are more investment options including stocks.

Now that you've seen whole life insurance explained and learned what is universal life insurance, you are better equipped to make a decision regarding your insurance needs. One way to begin the process of obtaining insurance is to shop around for life insurance quotes. The Internet is a great tool because not only are there free life insurance quote providers, there are also calculators to help you figure out how much insurance you need. With all the resources online and available from your insurance company (if you currently have one) you should be able to find the ideal life insurance coverage for you and your family.

 

 

Life Insurance News:

 

Gerber Life Selects Nexidia Customer Interaction Analytics - Insurance & Technology

Gerber Life Selects Nexidia Customer Interaction Analytics
Insurance & Technology
based Gerber Life Insurance will deploy Atlanta-based Nexidia's Nexidia Discover, Analyze and Evaluate to manage contact center agent performance and ensure superior customer service. Nexidia will host the analytics software, which mines interactions .
Gerber Life Insurance Selects Nexidia Customer Interaction AnalyticsMarketWatch (press release)

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MetLife has the Highest Operating Margin in the
Below are the three companies in the..


A.M. Best Affirms Ratings of Zale
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-"of Zale..


The New Legacy: Life Insurance Producers and Generational Dynamics - MarketWatch (press release)

The New Legacy: Life Insurance Producers and Generational Dynamics
MarketWatch (press release)
Life insurance policyholders are skipping generations and leaving policies to grandchildren. A panel of professionals knowledgeable on life insurance and generational dynamics will discuss how producers can help clients identify meaningful solutions .

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Efinancial is Proud to Accept Two Prominent Life Insurance Industry Awards
Efinancial kicks off 2012 with award recognition from life insurance carriers ING and Transamerica (PRWeb January 31, 2012) Read the full story at http://www.prweb.com/releases/Efinancial/accepts-industry-award/prweb9149598.htm..


Celent Honors 23 Insurers for Effective Use of Technology - PropertyCasualty360

Celent Honors 23 Insurers for Effective Use of Technology
PropertyCasualty360
The report also names Nationwide Insurance the Model Insurer of the Year. Best practices in the use of technology span key areas of the product and policyholder life cycle, including product definition, distribution, underwriting, policy administration .
iPipeline Client Erie Insurance Receives 2012 Celent Model Insurer AwardMarketWatch (press release)

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Securian Wins Innovation Award - EON: Enhanced Online News (press release)

Securian Wins Innovation Award
EON: Enhanced Online News (press release)
(EON: Enhanced Online News)--Minnesota Life Insurance Company, a subsidiary of Securian Financial Group, Inc., was recognized by Best's Review magazine for its Project Galileo speed-to-market program. It was featured in the Innovators Showcase, .

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Allianz Life Announces Launch of Allianz 365i Annuity - MarketWatch (press release)

Allianz Life Announces Launch of Allianz 365i Annuity
MarketWatch (press release)
MINNEAPOLIS, Jan 31, 2012 (BUSINESS WIRE) -- Allianz Life Insurance Company of North America (Allianz Life), a leading provider of fixed index annuities (FIAs), today announced the launch of the Allianz 365i(SM) Annuity and Income Maximizer Rider, .

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Allianz Life Announces Launch of Allianz 365i Annuity
Allianz Life Insurance Company of North America , a leading provider of fixed index annuities , today announced the launch of the Allianz 365iSM Annuity and Income Maximizer Rider, a new FIA with optional rider that is exclusive to Field Marketing Organizations and agents associated with the Allianz PreferredSM distribution model...


AM Best Upgrades Ratings of Cigna Life Insurance Company of Europe SA-NV - MarketWatch (press release)

AM Best Upgrades Ratings of Cigna Life Insurance Company of Europe SA-NV
MarketWatch (press release)
LONDON, Jan 31, 2012 (BUSINESS WIRE) -- AM Best Europe -- Rating Services Limited has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to "a" from "a-" of Cigna Life Insurance Company of Europe .

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SBLI of Massachusetts Re-Launches Website
The Savings Bank Life Insurance Company of Massachusetts , a leading provider of affordable, dependable life insurance, has re-launched its SBLI.com website with new features..


Gerber Life Insurance Selects Nexidia Customer Interaction Analytics
Nexidia, a leading provider of customer interaction analytics solutions for business transformation, today announced that Gerber Life Insurance has chosen Nexidia Discover, Analyze and Evaluate to better manage contact center agent performance and ensure superior customer service in the contact center...


A.M. Best Upgrades Ratings of Cigna Life Insurance Company of Europe SA-N.V.
LONDON--(BUSINESSWIRE)-- A.M. Best Europe EUR Rating Services Limited has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to EURaEUR from EURa-EUR of Cigna ...


Termland.com Announces Diabetics May Now Qualify for Life Insurance at . - PR Web (press release)

Termland.com Announces Diabetics May Now Qualify for Life Insurance at .
PR Web (press release)
Termland.com, a Subsidiary of MEG Financial, a National Online Life Insurance Brokerage Agency Reveals Some Life Insurance Companies are Now Considering Type II Diabetics for Lower Rates. This New Opportunity Opens the Door for Well Controlled Type II .

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As Industry Struggles, Vantis
Windsor-based Vantis..


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Do You Need
As you age, the idea of..


Efinancial Wholesale Holds Sales Contest Giving
Efinancial Wholesale, a leading online..


Single-premium life insurance policies under regulator's lens
After highest net asset value (NAV) guaranteed products, the single premium, two-year premium and three-year premium policies are the latest life insurance products to come under the Insurance Regulatory and Development Authoritys (Irda) scanner...


As Industry Struggles, Vantis Life Insurance Sees A Jump In New Premiums
Get Business Mobile Text Alerts Windsor-based Vantis Life Insurance Co. is increasingly seeing new customers, mostly middle-income people who buy life insurance through banks and credit unions, as part of an ongoing national expansion...



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