Many life insurance agents love selling whole and universal life. Of course they make very fat commissions from these products. But are they the best choices for you? In some cases, maybe. But in many cases, whole life is not your best bet. This section explains how whole life works and who it might be best suited for.

We don’t hear too much about burial insurance these days, but it actually figures significantly in the history of life insurance in the US, or at least one very prominent insurance company. According to the article on Prudential Insurance in Wikipedia, the company was actually built on burial insurance policies: “Started in Newark, New Jersey, […]

You might be aware that term life insurance is more popular than whole life – in fact, it is much more popular. There are tangible reasons why this true, five of them actually. When you read them you will probably agree that term life insurance is the best type of policy for your life insurance […]

It’s virtually an article of faith that whole life insurance is more expensive than term life insurance. But have you ever wondered exactly why that is? The most conventional answer is that whole life insurance policies include an investment provision. But while that is certainly a contributing factor, it’s hardly the only reason. In fact […]

As a general rule, if you’re looking to buy life insurance you’re much better off going with term life insurance, rather than whole life. However, should you choose to go with whole life insurance – whatever the reason – one way you can offset a much higher premium cost is by going with a dividend […]

Whole life insurance has become something of a dinosaur. After all, term insurance can provide the same coverage for a lot less money or a lot more coverage for the same amount of money. But despite all the advantages that term insurance has, are there times when whole life insurance is the right choice? Yes […]

If you or a loved one are dealing with a terminal illness, the last thing you need to worry about is how to pay for a funeral. Unfortunately, this cold reality is a problem many people face. As a result, they turn to burial insurance. But is it really a solution? Let’s consider it. How […]

Life insurance agents love to argue that when it comes to term life insurance or whole life insurance, whole life is a better deal. As you’ll see shortly, they are completely wrong on this. I’m going to first explain how each of these life insurance policies work. Then we’ll discuss why term is better. Finally, […]