The Advantageous Way To Find The Best Whole Life Insurance Quote?
Whole life insurance, also known as traditional permanent life insurance, is one of the most common forms of life insurance. A whole life insurance policy covers one's entire life, thereby providing guaranteed financial protection to your loved one as well as accruing cash value and paying dividends to the insured. In other words, it is a savings vehicle that secures your assets in case of death or total disability if you have added waiver of premium rider to your whole life insurance policy. There are many fine whole life insurance companies providing whole life insurance quote. Traditionally, whole life insurance quotes provided by the career or captive agents of these life insurance companies forcing to consumer to buy whole life insurance from one insurance company without comparing whole life insurance quotes from multiple companies. BeamaLife is changing the way whole life insurance being sold. By providing whole life insurance quotes from the multiple highly rated, best priced whole life insurance companies without life insurance agent’s sales pressure is truly an advantage. Whole life is best possible life insurance solution in most cases and has many advantages. The most obvious advantage of whole life insurance is the guaranteed death benefit. Simply put, the whole life insurance policy guarantees you a death benefit that never decreases as long as sufficient premium has been paid. Also, death benefit is free from federal estate & income taxes if the whole life insurance policy structured in the right manner. Another benefit of whole life insurance quote is that unlike a term policy's premium, which increases at the time of renewal, the premium you pay on whole life insurance remains the same for the life of the policy. In fact, most whole life policies will pay dividends, which may decrease or even eliminate premiums early on in the policy. You also have the choice of making limited payments or even a single payment and being covered for the rest of your life. One of the most important plus of whole life insurance is the cash value. Unlike other life insurance policies, whole life insurance policies accumulate useable cash reserves that can be a powerful saving vehicle either for college savings or for retirement savings. These reserves accumulate tax-deferred as one pays premiums. Along with cash value come the dividends paid by certain whole life insurance policies. You are eligible to earn dividends if you own a participating whole life insurance policy. You receive these dividends in cash, which you can use to purchase paid-up additions, minimize premiums, or keep within the policy to generate interest. Finally, whole life insurance quote can also have a waiver of premium rider. This rider can be purchased for a fraction of the cost of the premium. This rider states that if at any point the insured becomes totally disabled and cannot work to pay premiums, the insurance company will take over the payments up to age 65 so that you can have life insurance and cash value. This advantage of whole life insurance makes it a very attractive proposition. BeamaLife’s industry leading technology and system compares top highly rated whole life insurance companies to find the best whole life insurance quote. Please call one of our life insurance specialists at (866) 972-3262 to find best insurance quote whole life for you and for your family’s financial security or please complete this short quote request form now.