Whole life insurance is not one of the easiest forms of insurance to completely understand. If you end up knowing nothing else about it, know that it is one of the most conservative types of life insurance one can own. Your premiums are guaranteed never to rise over the life of the policy, and there is a good chance the premiums will decrease over the life of the policy. The contract builds an internal cash value that you may use while you are still living as well, and this cash value increases based upon the dividends the life insurance company offers. So when you compare different carriers whole life insurance policies, you want to look at their historical performance in dividends and cash value accumulation.
The following articles are offered for you to read at your convenience. Each one is designed to help you understand some of the more common aspects of a whole life insurance policy, or to answer some of the more frequently asked questions we receive every day.
- The Case for Whole Life - Glenn E. Stevick Jr., CLU, ChFC, LUTCF, 2006
- The Whole Story of Whole Life - Clifford Kitchen, 2005
- Whole Life Vs. Universal Life - "The Other Side of the Story" - Clifford Kitchen, 2004
- A LIFE Classic Revisited - Jon Dressner, Vice President, LIFE Foundation, 2006
- An Eye Toward the Future - Jon Dressner, Vice President, LIFE Foundation, 2006
- Your Money: Bad Advice Debunked - Christopher R. Jarvis, MBA & Charles P. KinCannon, JD, LLM, Physicians Practice, Februrary 2007
- Whole Life Strategies - The Blended Policy - Thomas Lloyd
- Whole Life Strategies - The Juvenile Life Policy - Thomas Lloyd
- Undying Legacy - Zalman Polott, PhD
- Apples to Apples - Zalman Polott, PhD
- Using Life to Prepare for Chronic Illness & Other Expenses - Michael L. Barsky, FSA and Michael H. Fliegelman, CLU, ChFC, September 2007