Is Whole Life Insurance A Good Idea?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaProduct suitability is determined by a personal financial profile that includes a risk tolerance assessment, financial goals and life expectancy. Whole life insurance, participating whole life insurance is a permanent life insurance policy with annual dividends. Generally guaranteed universal life ins cheaper than whole life for indemnification scenarios, whole life as a supplemental retirement fund may be a consideration for conservative savers if the policy is designed for cash accumulation.Answered on June 23, 2013+01+1 this answer
0flag this answerview more answers by David Racich
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaParticipating whole life insurance is a cash value permanent product for protection and cash accumulation. And like all products must be suitable for the prospective purchaser based on their personal financial profile. There are other forms of guaranteed life insurance that are generally cheaper than whole life for coverage, but long term conservative savers who value guarantees and tax advantages may be candidates for whole life.Answered on September 11, 2013flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
