Whole Life Insurance

Whole life insurance is a type of Cash Value life insurance that mixes an investment/cash account with the insurance.   The other main type of life insurance is term life insurance which is pure insurance with no cash account.  The debate between Whole Vs Term insurance is the focus of this website.

Whole life insurance is typically 8 to 12 times more expensive per year. According to the Wall Street Journal has a high incidence of clients abandoning their policies.   Because of the costs and complexities whole life insurance is probably not for most Americans.

There are however a couple of great reasons to consider purchasing whole life insurance such as funding special needs trusts and for truly extremely wealthy Americans.   Some people that can not quality for term life though may need to buy a form of whole life as that may be the only option available to them.

If you are considering purchasing any form of life insurance it is best that you check the Financial Strength Rating of that insurer.

The world of life insurance is confusing, do not get lost.

A Whole Life Insurance Story – Family Pushed to Buy Whole Life

Written by Scott W Johnson

This is a whole life story of whole life insurance. A family considers the complexities of purchasing whole life insurance and compare their specific numbers with simple level term life insurance and are surprised at the savings.Why is Whole Life so Expensive?Do we need life insurance during Retirement?​In order to buy whole life, we would have.. More

7 Simple Ways to Save on Life Insurance

Written by Scott W Johnson

​Life Insurance May be Complex, but Saving on it does not need to be.Failure to properly understand these methods could cost you lots of money.​​Read On – to Save.Wondering about life insurance rates?   Thinking of how to save money?  Checking with friends?  Don’t be put off by all the complexity, just review our seven.. More

Should a Single Male Buy Whole Life Insurance?

Written by Scott W Johnson

Should a Single Male Buy Whole Life Insurance? Should a Young Single Adult with No Kids Buy Whole Life Insurance? Many Americans are routinely confronted with this sales pitch from captive home and auto insurance agents and life insurance agents.  But does it make sense for a single male, perhaps aged 28 to consider buying.. More

Affluent Family Considers Whole Life Insurance

Written by Scott W Johnson

Deciding on buying a Whole Life Insurance Policy is extremely complicated. The Complex world of Whole Life Insurance requires hard work. You won’t learn what you need to by just trusting one insurance agent. The Boat Anchor that could be Whole Life. The Numbers are Just Half the Story. How One Affluent Family did a Full.. More

Should your Non Working Spouse Purchase Whole Life Insurance?

Written by Scott W Johnson

Should your Non Working Spouse Purchase Whole Life Insurance?  When to Consider a permanent Contract for a Stay at Home Mom/Dad. Whole life insurance is a form of permanent life insurance that builds up cash value.   The cash value slowly builds over time.   In a typical whole life policy there is little if any.. More

Best Uses of Whole Life Insurance

Written by Scott W Johnson

When should you truly consider whole life insurance.  What is its best uses?   When can one consider the cost of Whole Life Insurance to a good potential value? What are the Best Uses for Whole Life Insurance? Great Questions.   In my opinion, level term life insurance is such a great value for most Americans,.. More