The insured receives guaranteed death benefit, no matter how he died, whether by illness, old age or accident; the beneficiary will receive the proceeds after the death certificate of the insured is issued.
Posts Tagged Whole Life Insurance
Whole Life Insurance
Jun 29
Whole Life Insurance
May 31
Whole life insurance does build ongoing cash value. The longer you keep the policy, the more value it has. And this is real, cash value that you can borrow against if you get in a bind for cash. Although whole life insurance is more expensive than term life insurance, the returns you can get, in the form of increased cash value over the years, can be substantial.