The high cash values, the dividends and an increasing death benefit over time can make whole life Insurance extremely more attractive than other permanent plans. Whole life Insurance is not meant to be a short term investment, but rather a long term investment which can be more profitable than a long term investment in the stock market. Non-Participating Whole Life Plans do not pay dividends & the cash values of these plans are fully guaranteed. The dividend is not always guaranteed but most Canadian Insurers have a long & strong track record of paying a solid dividend each year to participating policy holders. Particpating Whole Life Insurance Plans pay an annual dividend to the policyowners. As the old saying goes ‘You always get what you pay for’. A Participating whole life policy is usually the costliest type of permanent Life Insurance and can be considered to be the most superior type of Life Insurance. Premiums can also be paid up over a shorter period of time, usually over 20yrs. Whole Life Insurance is a form of permanent life insurance with a fixed or level premium that is usually payable for the entire lifetime of the insured.
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