Posted on December 22, 2008 at 3:54 am There is a lot of common points to recognise when you're thinking of life insurance. When you're trying to understand condition life insurance, you would like to be sure that you realize the basic principle of however these type of life insurance works. That way, you are able to be perfectly sure that you've decided the correct case of life insurance for you.

Posted on January 8, 2009 at 8:53 am They probably know you wont want whole life when you see how expensive it is and all the surrender charges if you cancel in first 15 years of policy.  The rate of return on whole life is abysmal, you can do better putting the difference in cds, without giving up liquidity.

Posted on January 8, 2009 at 9:34 am I have considered cds as a alternative.  same with retirement.  I had a 401k that i had no control over that all got lost in the enron thing and am leary of retirement plans so I thought maybe it would be best to just invest in a cd.

Posted on January 19, 2009 at 1:10 am @Shonna27 There is a lot of debate on which type of life insurance is the best. The way to approach this is to look over what you want to get out of it. Is it security for the next 20-30 years without having to give it a second thought (besides your monthly payments), or do you need something a little more flexible.If you choose the more flexible method, you pay more, but, like you said, you have something available for a longer amount of time. MSN Click here. Click here. has a really good article on the topic. The important thing is making sure you do your homework before you buy because this can be a costly decision.

Posted on January 19, 2009 at 10:59 am As an insurance agency owner, I'm here to second the advice of doing your homework. It is important to understand the product because of its many nuances before you buy. However, don't get bogged down in analyzing the product if you truly need it. Instead buy a 20 year guaranteed renewable and convertible term policy. In all cases this policy provides protection while you are researching whole life, universal life, equity indexed universal life, etc. Mind you this is general advice but it is very helpful to the beginner looking into buying insurance.

Posted on January 29, 2009 at 5:45 pm Bill, the return on whole life is only abysmal if you want to compare it to something like equities.  If you compare it to other products of similar safety, such as CDs or other fixed income products, it is quite competitive.  I've looked at several whole policies myself and the return at age 65 is in the 5-6% range.  This is also tax free money if you structure everything correctly and would equate to a ~7.5-9% taxable return.  Those are very rough numbers and are different based on the company and many other factors of course.  But you get the point.Also, a whole policy is very liquid.  You typically have access to the whole amount of the cash value, either by withdrawals or policy loans.

Posted on February 18, 2009 at 3:28 am When it comes down to making a choice between life insurance policies, there is never an easy answer. Choosing the right policy to suit your individual requirements is based on a number of personal factors. Taking into consideration you age, sex, health and lifestyle, you will receive various quotes from insurance companies. You then have to decide how much you are willing to pay with regards to your premiums and how much coverage you need to keep your family on the same financial standing, even in your absence. If you choose whole life insurance, you must be aware that along with the benefits of the investment component involved in such a policy come higher premiums and a lifetime of payments. Term life insurance on the other hand is insurance for a specified period of time. Since there is no cash value element involved, the premiums are inexpensive and the death benefits high. So, ultimately you will have to weigh the individual pros and cons of each and decide which policy suits YOU the best. When choosing a life insurance company, also check its ratings. A good rating (of A and higher) indicates that the company has a proven track record for paying off claims and has a strong financial reputation. These are important factors when deciding on your final policy as well.

Posted on March 23, 2009 at 2:19 am Buy term life insurance and invest the difference into anything else that returns a good interest and you'll be a millionaire by the time you retire.

Posted on March 29, 2009 at 5:01 am be careful with life insurance besuase you don't want to buy stuff that you don't need that some commpanies think you should buy.i have life insurance and think it is great as i don't need to worry about injuring myselfalso be carefull to get the best offeras it can be very expensive

Posted on March 29, 2009 at 5:19 am i am planning for a full life cover but i am still having doubts which one is the best