You may like the idea of the low premiums on a Term Life Policy but don't like the fact that it's good for only a set period of time. On the other hand, you may like the permanent nature of...
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The Four Components Of Any Life Insurance Program
The Background: I thought it would be fitting at this juncture to describe the four players in any Life Insurance policy as often there is some confusion. First let me give you a brief description of any actual case. ...
Additional Uses of Whole Life Insurance in a Buy Sell
The tax-free cash build-up is another example of a use of the Whole Life Insurance in a Buy-Sell plan. Business owners may shy away from such plans because of the higher premiums. Nevertheless, it becomes a good source of funds...
Application To Whole Life Insurance Funding A Buy-Sell
As was mentioned previously, this form of Whole Life Insurance builds a cash accumulation fund within the Life Insurance. The premiums are higher than a straight Term Life Policy. The large difference in premiums is largely due to the cash...