Tweet

Whole Life Insurance Quotes

Guest post by: John Clark

Article Overview: Whole life insurance, otherwise known as permanent life insurance, offers a variety of death benefits and a cash value, or saving account that offers policyholders the ability to get back at least a portion of the amount they are spending on the life insurance premiums. This money can be returned by cashing in the policy or by borrowing against it.

Whole Life Insurance Quotes

Whole life insurance, otherwise known as permanent life insurance, offers a variety of death benefits and a cash value, or saving account that offers policyholders the ability to get back at least a portion of the amount they are spending on the life insurance premiums. This money can be returned by cashing in the policy or by borrowing against it. Whole life insurance policies are considerably more expensive that term life insurance because the money can be invested through a series of financial ventures that can offer a return on the original investment. The longer the policy is active, the higher the cash value of the policy because more money has been invested into the account and has earned interest, or dividends.

The real deal within whole life insurance is this: the high premiums are worthwhile if the permanent policy is kept long enough and has gained value through the investment opportunities. The term in which the policy is active depends on the policyholder's health, age, insurance company, interest, dividend rates and the type of whole life policy chosen.

Some of the biggest names in life insurance offer comprehensive, affordable whole life insurance packages. The costs vary from company to company and differ depending on the age, lifestyle, health and benefit of the prospective member. Remember, whole life insurance is considerably more costly than other forms of insurance; however, this higher premium rate does include certain benefits not available within other insurance policies including the investment prospects and cash value return. Below are real whole life insurance quotes for a 40 year old non-smoking individual who is requesting a $500,000 policy. The quotes are listed for a male in reasonably good health who does not work in a high-risk environment. Remember that whole life insurance rates vary depending on sex, weight, height, age, health exam results and the exact policy chosen.

• Security Life Insurance Company (Member of ING Companies) - $254.70 per month, or offered for annual payment of $2,972.00.

• Genworth Life and Annuity Company - $255.55 per month, or offered for an annual payment of $2,901.60. Policy remains active until the member reaches the age of 105. If the age of 105 is reached, the policy can be extended, but premium rates will increase each year for the remaining life span of the policyholder. A child rider can be added to this policy for an additional cost.

• American General Life - $257.52 per month, or offered for an annual payment of $2,923.00. This whole life policy is active until the member reaches their 120th birthday. If the member reaches their 120 birthday the policy become void and the cash value is returned to the policyholder.

• Lincoln National Life Insurance - $264.22 per month or offered for an annual payment of $3,040.00. A child rider is available for additional purchase with this particular policy.

• United Life Insurance of Omaha - $306.47 per month or offered at an annual payment of $3,538.95. This policy remains active until the policyholder reaches their 120th birthday. If the member reaches their 120th birthday, the policy is voided and the cash value is surrendered to the member. A child rider is available for added cost with this policy.

• MetLife Insurance Company - $538.53 per month or offered at an annual payment of $6,465.00. This policy guarantees premiums until the member reaches the age of 100. After that time, the member can extend the whole life insurance policy, with premiums rising each year until the member reaches the age of 120 at which time the policy is voided and the cash value is turned over to the member.

Obviously, there are great disparities within various forms of whole life insurance. Some have additional benefits; while others offer more varied investment opportunities and locked-in premium rates. Remaining diligent in insurance research will yield the best insurance offers. Remember, there are no bad life insurance policies, but there are better packages available that can be tailored to your specific financial needs and requirements.

Related Articles
  Why Is The First Auto Insurance Quote Not Always The Best Quote?
  How to Get the Best Rates on SR22 Car Insurance
  Comparison Of Auto Insurance Quotes and Insurance Companies
  Car Insurance Discounts
  Words of Inspiration
  Business Insurance Coverage
  Health Insurance Questions to Ask When Shopping for Coverage.
  NetQuote Low Cost Health Insurance | Health Insurance Company Guide
  Florida Homeowners Insurance Provider
  Car Insurance Rates: Tips To Lower Them Now!
  5 Best Ways To Save On Health Insurance
  Auto Insurance Quotes
  The Right Age to Buy Primerica Life Insurance
  Term Life Insurance Quotes
  Best Insurance
  Car Insurance - Gap Insurance
  Ways To Find Low Cost Auto Insurance Options
  Life Insurance Online – How To Guide
  Auto Insurance: Considerations For Getting A Policy
  Guaranteed Life Insurance Rates

Article Tags: death benefits, insurance, life insurance premiums, money, permanent life insurance, policyholders, whole life insurance
Referred by: http://www.franchisefix.com/



Related Forum Posts
Re: Insurance for Home Based Business? - hi there I'm a newbie here.I can get good information regarding the Insurance for Home based business and more. It's really safe to have Insurance for a home based business. Thanks a lot for discussing some important issues here and i feel really happy to be a part of this.
The Second Life Platform - Greetings! I'm not sure how many of you have heard of or are sensitive to Second Life and its related entities. However, Second Life is a fantastic platform to mimmick real life business operations in a real currency based economy. There are plenty of successful stories for creative individuals, but I'd highly suggest doing your research and appreciating Second Life for what it is, and what it isn't.
Re: The Second Life Platform - [quote="JBunion":fhe23fsu]Greetings! I'm not sure how many of you have heard of or are sensitive to Second Life and its related entities. However, Second Life is a fantastic platform to mimmick real life business operations in a real currency based economy. There are plenty of successful stories for creative individuals, but I'd highly suggest doing your research and appreciating Second Life for what it is, and what it isn't.[/quote:fhe23fsu] Hi JBunion, I've heard about the site. So are you currently a member? And more importantly, have you tried to open a store front in that virtual world?
Re: Charge what you're worth - [quote="Tami Szabo":292ze3jd]People will pay you what you ask. Very few will ever up the price. You are the one who decided what you are worth. The key is that we believe our services are worth the price we are asking.[/quote:292ze3jd] Hi Tami, You're absolutely right. In "Think and Grow Rich", Jessie B. Rittenhouse says "For Life is a just employer, He gives you what you ask, But once you have set the wages, Why, you must bear the task. I worked for a menial's hire Only to learn, dismayed , That any wage I had asked of Life, Life would have willingly paid" (Napoleon Hill 35). I think the same can be said when setting prices on eBay or Craigslist, especially when people are trying to haggle you.
zipcar saves Gas cost - The gas prices haven't affected me in anyway. I use the Transit system and ZipCar. I love Zipcar 'cos it has Gas and Insurance included in the prices and they haven't raised that for a couple of years now.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Join Conversations Politely, Part 1

How to develop the best lateral thinking skills

How to Write Your Articles for Better SEO

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.