Term Life & Whole Life Insurance: What is the Difference?

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PostPosted: Sat Mar 28, 2009 4:15 am   Post subject:   

I've got a new concept - "Buy UL, invest the difference!"



I should write a book and make millions.

dgoldenz
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PostPosted: Thu Jul 02, 2009 2:35 pm   Post subject: life insurance  

My husband had taken out a 10,000 dollar policy for my son years ago. i have been paying on it now since my husband has died. I will pay on it till I pass and then hopefully son will take over. Do you ever stop paying on this insurance if insured is still living? Is this still better than a term policy?


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alita
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PostPosted: Tue Sep 08, 2009 11:24 am   Post subject:   

We know that there are several various life insurance policies now and we can choose it according to our needs. Some of the good life insurance policies which can easily fit in our budget are the whole term life insurance policy, the universal policy and many more. This could definitely be the best protection for our family for the whole life.

The 10 year term life insurance policy is usually chosen for one of two reasons. It is quite cheap thus more people can afford it. They wanna choose this policy intending to buy one for a longer period of time sometime in the future. If they are unable to qualify for the new policy in the future the life insurance company may allow them to convert to a permanent policy. Of course, this one would be by contractual agreement. Buying the 10 year term policy they at least have the coverage now. They can feel more secure.

20 years sounds like a good period of time to plan for so off they go and buy their 20 year term life insurance policy. A 25 year or a 30 year term life insurance policy probably would have done just as well but they choose the 20 year policy.

Business people often choose the 30 year term life insurance policy over the other policy styles as they want to do their insurance buying now and not think about it any more for a while. They should rethink their insurance needs every year but at the beginning they choose the 30 year term anyway.

We have a lot of choose and we can pick up the right and availale one .

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PostPosted: Tue Sep 15, 2009 5:45 am   Post subject:   

Quote:
the whole term life insurance policy




THE WHAT??



OMG this sounds like a Primerica commercial. I shouldn't laugh, investigating their croooked agents has always been lucrative.



dgoldenz - that book idea would work very well if you were once a football coach.


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PostPosted: Tue Sep 15, 2009 5:51 am   Post subject:   

I coach a few fantasy football teams....does that count?

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PostPosted: Tue Sep 15, 2009 4:27 pm   Post subject:   

LMAO



Hey Coach, As long as you stay away from selling "Whole Term Life Insurance policies" we'll get along just fine.



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PostPosted: Mon Dec 07, 2009 8:47 pm   Post subject: best rated insurance policies?  

this table at lifeinsurancesf.com shows a comparison or rankings of the best companies or policies for life insurance. do you know of other such comparisons or ratings? how do you decide which is the "best" life policy?


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Jim Seeker
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PostPosted: Tue Dec 08, 2009 12:15 am   Post subject:   

"I coach a few fantasy football teams....does that count?"



Feel free to email for advice.



Here are two freebies:



Hartley and Harrison. Might be available in certain leagues.



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PostPosted: Tue Dec 08, 2009 4:23 am   Post subject:   

I'm doing alright. I'm in 3 money leagues and currently in first, second, and third place with the playoffs starting next week. Have a bye in the first two. Hartley and Harrison are both gone in each league.

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PostPosted: Tue Dec 08, 2009 6:06 am   Post subject: female  

Whole life insurance at age 65 for 100,00.00.

Non-amoker and no none medical problems.


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B. French
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PostPosted: Tue Dec 08, 2009 3:45 pm   Post subject:   

Quote:
Whole life insurance at age 65 for 100,00.00.

Non-amoker and no none medical problems.




Are you asking for a quote?
dgoldenz
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PostPosted: Mon Jan 04, 2010 1:13 pm   Post subject:   

Term life insurance policy is only for a limited period and life insurance policy covers risk for whole life. I would suggest you to go for life insurance policy for your mother and to know more about term and life insurance policy visit (link removed by moderator-lori)

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PostPosted: Mon Jan 04, 2010 1:24 pm   Post subject:   

Campbel, welcome to the community...please review (carefully) our terms of use (link at the bottom of every page)...you may not EVER link your site in posts...after making the required number of QUALIFYING posts you may add your link to your signature.



If you have any questions please feel free to send me a p/m or quick message.



Failure to adher to the terms of use will (without question) get you banned from this site. I assume as a new poster this was a simple mistake...



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PostPosted: Mon Jan 04, 2010 6:35 pm   Post subject:   

Buy term and invest the difference! That is my motto!


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PostPosted: Mon Jan 04, 2010 10:54 pm   Post subject:   

Quote:
Buy term and invest the difference! That is my motto!




And I was starting to like you from the EIA thread. Laughing
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