I wonder if the 1950s TV insurance agent, Jim Anderson (played by actor Robert Young) of "Father Knows Best" fame, ever talked to the Cleavers about converting Ward's term insurance policy to a whole life insurance policy
When it is added to a basic, whole life insurance policy
, it can offer an easy way to increase the living benefits of the policy because it often increases the amount of guaranteed cash value as well as ultimately increases the guaranteed death benefits.
While not your typical bow-wrapped present, naming an adult child or grandchild a beneficiary on a single payment whole life insurance policy
allows seniors to make a 'pledge' to help loved ones with real-life expenses down the road," says Richard Hotham, Vice President of Financial Institutions for Liberty Life Assurance Company of Boston.
In its simplest form, the IBC is a strategy for creating a dividend-paying whole life insurance policy
from some of the oldest financial institutions in the country.
However, because the conversion feature in William's term life insurance policy allows him to convert his term insurance to a whole life insurance policy
with a cash accumulation feature after he's successfully filed a claim under the policy's waiver of premium rider, he can continue to accumulate money without additional outlay by his family.
These are just a few of the many 'living benefits' of a whole life insurance policy
," said Fakhimi.
Now you can revolutionize how you use your money; borrow money, without a lending institution; and have all the security of a high cash value, whole life insurance policy
In the Golden Handcuffs concept, the employer is the owner, beneficiary, and the premium payer of a whole life insurance policy
on a key employee's life, in which they have an insurable interest.
By combining a new whole life insurance policy
and mutual funds, Solo db Life offers business owners an alternative to 401(k)s, SEP IRAs, profit-sharing and other traditional defined-benefit plans.
Whole Life Advantage is a whole life insurance policy
issued by Allstate Life Insurance Company, Northbrook, IL, a wholly-owned subsidiary of Allstate Insurance Company.
Furthermore, as an agent who sells life insurance, you have a unique opportunity to build your business by selling not only a true sense of security, but also to further communicate the tax features and benefits that accompany a permanent whole life insurance policy
a) Based on a survey by Blease Research on a $250,000 whole life insurance policy
issued 30 years ago to a male insured, preferred, age 40.