Archive for April 24th, 2006
Whole Life Versus Term Insurance
Monday, April 24th, 2006From a financial planning point of view, there are several guidelines to help you choose the kinds of insurance you should buy. The first guideline is “buy term and invest the rest”, the rationale being a term policy will be cheaper for the same valueof policy compared to a life policy, and then invest the [...]
Whole Life Insurance
Monday, April 24th, 2006While term insurance offers protection over limited periods, permanent protection is provided by whole life policies. A whole life policy offers lifetime insurance coverage against death and total permanent disability with the added saving angle. In a whole life policy, the insurance company will pay the sum assured as well as accumulated bonuses upon death [...]
