Whole Life Insurance is the simplest form of “permanent” life insurance. Whole life insurance typically features life-long protection with level premiums, guaranteed death benefits and cash values. The amount of any guaranteed cash value depends upon the kind of permanent whole life insurance policy, its size and how long you have owned it. Generally, any borrowed amounts reduce the death benefit and cash surrender value. Whole life insurance may be a good choice for those with long-range insurance and financial goals. Whole life insurance can provide the security of a policy that will never expire and also serve with a tax-advantaged vehicle suitable for reaching and managing many … [Read more...]
Texas Life Insurance
December 6, 2010 By
Final Expense Insurance: Final Expense Insurance, also known as "burial" or "funeral" insurance is a life insurance policy with a low face value, typically $5,000 to $25,000, designed to help take care of the “final expenses” associated with one’s death. Many individuals are concerned with making sure that loved ones are not left shouldering the burden and costs associated with death. Final expense life insurance is purchased and issued directly from an insurance company and are typically either "term life" (which covers you for a specific time period or until a certain age, then expires) or "whole life" (which is permanent insurance and covers you for the rest of your life). Read … [Read more...]