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Important Things to Know… Whole life insurance provides permanent coverage as long as you live Term life only lasts for a predetermined amount of time Premiums for whole life are higher but guarantee a death benefit Whole life has an added benefit of …→ Read More
Important Things to Know… Term life insurance provides coverage for a limited time Whole life insurance provides permanent coverage as long as you live Term life is less expensive than whole life Term life is best for families on a budget Whole life …→ Read More
Important Things to Know… Whole life insurance provides permanent coverage as long as you live It’s more expensive than term life insurance Most policies have a built-in savings component that builds a cash value Whole life can be a useful savi …→ Read More
Important things to know… You must have an insurable interest in your grandmother to get a standard life insurance policy on her Depending on her age and health, you may get a burial policy on your grandmother You cannot profit from a life insurance …→ Read More
Important things to know… The IRS does not require you to pay taxes on dividends from life insurance as long as they do not exceed the premiums paid on the policy. The insurance company that provides your life insurance pays policyholders dividends f …→ Read More