 Posted: Sat Apr 29, 2006 11:20 am Post subject: A brief about Whole Life Insurance |
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Whole Life Insurance is a type of permanent insurance policy. The premium amount is fixed throughout the duration of the contract and for a particular amount of death benefit.
There is a savings element which grows as the company pays the dividends and this benefit would contribute towards developing a cash value. This cash value might benefit you while you are still alive. You can use this money as you need.
But the main objective should be protection rather than just to get the cash value. |
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roddick
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