 Posted: Sun Jul 19, 2009 7:06 pm Post subject: |
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Ginna, the question can't possibly be answered without more information. In general, WL is worth keeping if you want to leave money behind when death occurs regardless of when death occurs.
Most whole life policies require premiums for a long time. Often this is to age 90 or 100. It could be for a shorter period of time such as to age 65 or 10 or 20 years. However, just because a premium is required doesn't mean that one will always have to be paid out of pocket. If it is a participating whole life policy, it will probably pay a dividend. Dividends can be used to pay for part of the premium or all of it, if it is large enough. |
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InsuranceExpert
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