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Why Permanent Life Insurance Is More Sold Than Other Insurance Policy

Friday, October 10th, 2014

With the availability of different types of life insurance coverage, knowing the right one is never an easily endeavor. For that reason, you need not to jump into any type of insurance coverage without first of all consulting a professional and well experienced insurance agent, which is why this article is dedicated to offer a précis on permanent life insurance. Indeed, this particular type of insurance is commonly known as life insurance or whole life insurance as it is designed to serve the policy holder till 100 years or even death.

What You Must Know About Permanent Life Insurance and Term Life Insurance 

While the term life insurance is designed to expire at a stipulated time and the policy holder can withdraw after the expiration of the policy, the case with life insurance is quite different as it is made to last for life time. More so, the money you will need to pay as your insurance premium if you handle your life coverage with term life insurance is really small when you compare to the amount of money you will need to pay yearly for your life insurance. In fact, in most cases you will need to pay 20 times more in life insurance than what you will need to pay for term. But, these are not to say that term life insurance is better as the life insurance still has lots of benefits associated with it.

What You Must Consider Before Going Ahead To Buy Permanent Life Insurance

Though having coverage on your life is the easier way to protect your family and children financially upon your death or any accident yet, you need not to starve yourself or to live poor only to die rich. That is why it is important for you to ensure that you have substantial savings before going ahead to leverage permanent life insurance. More so, you need to ensure that you have left over that will be enough for you to take care of some emergencies while servicing your insurance premium before going ahead to buy life insurance.

Factors That Determine the Cost of Permanent Life Insurance

There are lots of factors that determine the amount of money you will be expected to pay as your insurance premium when you want to get permanent life coverage. Some of the factors include your health, your age, your hubby, your lifestyle and others. For that reason, you need to consider all these before going ahead to leverage permanent coverage for your life.

Finally: Why Permanent Life Insurance Are More Sold Than Other Insurance Policies

Indeed, there are lots of reasons why permanent life insuranceis widely sold than any other type of life coverage. One of the reasons is simply due the handsome amount of money the agents normally receive as their commission. For that reason, the agents normally do everything possible to convince people into purchasing this type of life coverage so as to smile home with their commission.


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November 3rd, 2014

A Digest on Permanent Life Insurance

Obviously, with the availability of diverse insurance products, it is not always easy for policy holder to know the right and appropriate insurance product to purchase. More so, the problem of which of the insurance product to choose normally get worse when one does not know the cons and pros associated with each of the product. At such case, there will be need to contact a reliable and well experienced insurance agent to help explain the underpinning in each of the insurance products. There are lots of reasons why you need to purchase permanent life insurance instead of any other insurance product. You are going to learn more on that in this article.

September 6th, 2014

Who needs permanent life insurance and why?

There are two main types of life insurance policies – term and permanent, although they are similar in one part – death coverage, in which case your beneficiary receives the money; all other things about those policies are completely different. The main question with the permanent life insurance is who needs it, and what are the benefits of buying this type of insurance?

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