Whole Life Insurance

Online Guide to
Whole Life Insurance

Life Insurance Calculator
How much life insurance
do you need? Use our free
calcuator to find out. Get
quotes from over 100 major
Term Life Insurance Carriers.
Whole Life Insurance
Whole Life Insurance (n. - definition) - a traditional form of life insurance with a "cash value" savings element that is intended to provide coverage for an insured's whole life.
Whole Life Insurance


Insurance
Guides Online:

Annuity Bonus
Annuity Fixed
Annuity Equity Indexed
Annuity Immediate
Business Continuity Insurance
Buy Sell Agreement
Charity Insurance
Common Remitter Service
Company Insurance
Equity Indexed Universal Life Insurance
Executive Insurance
Health Insurance
Health Savings Account
Insurance Product Guide
Key Man Insurance
Long Term Care Insurance
Medical Savings Accounts
Medicare Supplemental Insurance
Mortgage Insurance
Premium Finance
Return of Premium Life Insurance
Split Dollar Insurance
Term Life Insurance
Universal Life Insurance
Whole Life Insurance
Worksite Insurance Plans


Online Insurance
Quote Comparisons:

Free Life Insurance Quotes
Life Insurance Calculator
Low Cost Life Insurance
Term Life Insurance
Term Life Insurance Quotes
Term Life Insurance Rates


College Planning
Guides Online:

529 College Saving Plans
Education IRA
College Financial Aid
FAFSA & Definitions
Financial Aid Programs
Financial Aid Strategies
Scholarships - Loans
State College Aid Agencies


Mortgage Loan
Guides Online:

Adjustable Rate Mortgages
Fixed Rate Mortgages
Home Equity Mortgages
Interest Only Mortgages
Reverse Mortgages

by Insurance Online Advisors

Free Quotes: Car Insurance - Health Insurance - Life Insurance

  • Whole Life Insurance policies are state specific and not all insurance companies offer whole life insurance policies to residents of all states.

  • Whole Life Insurance policies provide permanent coverage on the life of the insured.

  • The premiums paid into Whole Life Insurance policies remain the same for the duration of the policy.

  • Generally, the premiums must be paid for the Whole Life Insurance policy to remain in force.

  • The cost for issuance of a Whole Life Insurance policy is a function of the age(s) of the insured, their health condition, their smoking habits, the amount of life insurance coverage, and the payment period wanted.

  • A portion of the premium paid is credited to a cash value tax deferred cash accumulation account.

  • The issuing insurance company credits dividends and interest to policy owner's cash accumulation account. This rate varies from underwriting insurance company to underwriting company and changes from time to time.

  • Policy loans are available.

  • Whole Life Insurance policies are used for in numerous situations and for many purposes, including: estates, business purposes, buy-sell agreements, key employee plans, executive bonus, split dollar, golden handcuffs, retirement plans, educational funding plans, etc.

  • All Whole Life insurance policies have a named owner, a named insured and named beneficiaries designations. These three different designations can be the same person, but in many situations they are not necessarily set up with the same designations. Which is the most appropriate designations to use depends on different variables and situations.

  • Someone or a company or a organization can be the owner of a Whole Life Insurance policy on someone else's life only when he/she or a company/organization has an "insurable interest".

  • Most Whole Life Insurance policies are issued only after a medical questionnaire and in some cases only after medical tests.

  • Some companies offer instant issue policies.

  • Effectively, once a Whole Life Insurance policy is issued by the insurance company that policy is guaranteed without a new physical, no matter your health condition, as long as the owner pays the premiums on time.

  • The death benefit payable to a beneficiary upon the death of the insured is dependent on the claims paying ability of the issuing life insurance company.

  • The death benefit payable to a beneficiary is income tax free, and in some case estate tax free, which is dependent on a number of factors.

  • Some life insurance companies offer 2nd to die whole life insurance coverage which is payable upon the death of two or more lives.

  • Some life insurance companies offer affinity group whole life insurance, group life insurance, and some offer features which provide benefits under certain medical conditions during the life of the insured.

  • Some USA based life insurance companies offer policies for non USA citizens, non USA residents.

  • Some financial professionals feel from a financial value perspective the one should consider "BUYING Term and INVESTING the Difference" versus the purchase of other types of life insurance policies.



Retirement Plan
Guides Online:

401a
401k
401k Simple
403b
412i
414(h)
457
457(f)
Defined Benefit Plan
IRA
Money Purchase Pension Plan
Profit Sharing Plan
Roth IRA
SEP
Simple IRA
Teacher Retirement


Financial
Guides Online:

401k Rollover
Cafeteria Plan Sec 125
Charitable Foundation
Charitable Trusts
Deferred Compensation
Donor Advised Funds
Elliott Wave Analysis
ESOP
Estate Planning
Fee Based Financial Planning
Hedge Funds
Investment Services Advice
Margin Trading
Money Management
Money Market Savings Account
Mutual Fund Investment Advice
Mutual Funds
Mutual Funds at NAV
Omnibus Account
Payroll Deduction
Pooled Income Fund
Prime Brokerage
Roth IRA Conversions
Rule of 72
Stock Trading
Systematic Trading
Tax Exempt Money Market
Tax Free Mutual Funds
Variable Annuity
VEBA


Advisory Services:
College Plan Advisor
Elliott Wave Advisers
Long Distance Plan Advisor
Mortgage Loans Advisor
Retirement Plans Advisor

Copyright © 1998-2007. Whole Life Insurance Information Guide. All rights reserved.

Elliott Wave . Quote Life Insurance Term . Discount Long Distance Rates . Low Cost Life Insurance . College Loan and Scholarship Guide . Term Insurance Life Quote . Mortgage Loan Refinancing Guide . Quote Insurance Life Term . Life Insurance Quote Term . Money Management . Insurance Online Information . Retirement Planning . Quote Insurance Term Life