The Essentials of Life Insurance: What You Need to Know Before Your Purchase
The Essentials Of Life
Insurance: What You
Need To Know Before
Presented By: Wholesale Insurance
Whole Life Insurance?
Some shoppers think no further than term life insurance.
However, whole life insurance is better for meeting some
As long as the requisite premiums are paid, whole life
insurance will not expire before issuing a death beneﬁt
Whole life insurance provides a level of security that is
Whole Life Insurance
Whole life insurance provides guarantees, but
those guarantees correlate with inﬂexibility.
Your rate is ﬁxed.
Your coverage amount (death beneﬁt) is ﬁxed.
The growth of your policy’s cash value is
The Cash Value Of A
Whole Life Policy
That rate is guaranteed in the initial contract,
which leads to a guaranteed return at any time
you choose to cash in the policy.
Even with the ﬁxed coverage
aspects of a whole life policy, the
policy actually has a cash value.
When you pay your premium,
your money is appreciating at a
Who Beneﬁts From
Whole Life Insurance
Virtually anyone can beneﬁt from whole life insurance.
This type of policy is perfect for people who want to
simply pay their premium and know they’ve got the
coverage they desire.
One of the main advantages of whole life insurance is
the ability of the young to lock in their preferred rates.
This makes whole life options an excellent basic
insurance for parents to carry - the policy will continue
to be in force long after their children have
Combining Whole Life
With Other Options
Life insurance quotes for term life insurance are lower
than for a comparable whole life insurance plan.
Experts advise parents to choose a decent amount of
whole life coverage and supplement with term life
insurance as needed.
One of the most popular options
for new parents is to combine a
whole life insurance policy with
a larger term life insurance
Determining How Much
Whole Life Insurance To Buy
For most people, it is best
to let whole life insurance
provide only as much
coverage as you will need
even if you survive to old
age, then add term life
insurance as necessary
throughout your lifetime
to cover changing needs.
What Should My
In order for whole life to bring the most beneﬁt, you
need to determine what your yearly expenses will be
over the course of your life as closely as possible.
Find your permanent budget by creating a detailed
budget of current expenses and then subtract any
items that will disappear in the near future.
Add some funds on top of this as a cushion and use
that number as a starting point to explore whole life
With whole life insurance, there is an argument for
both over-budgeting and under-budgeting.
Figure out the cost of your family’s liabilities for as
long as they will depend on you for support.
If necessary, consult with a good agent to help you
determine what type of coverage will work for
How To Get Whole Life
In today’s market, whole life insurance is available from a
wide variety of vendors.
Most websites offer quotes online and can guide you
through the application process.
The ﬁnal policy offer can, in some cases, be different than
the initial quote due to health conditions found during the
After you approve the ﬁnal rate offering, you’ll be issued a
policy and have whole life insurance.
Work With A Good Broker
Throughout the process of obtaining whole life
insurance (or any type of insurance), you should be
working with a broker.
Trained brokers understand policies in a way that no
average customer could, and their expertise may keep
you from making a costly mistake.
When it comes down to the actual policy purchasing
decision, always discuss with a qualiﬁed professional
Wholesale Insurance is a company that
specializes in ﬁnding the best life insurance rates
for its customers.
The company has a network of advisors and can
provide customers with life insurance policies
from some of the country’s top insurance