Whole Life Insurance Quotes
Instant Whole Life Quote Comparisons
Instant whole life insurance quotes make comparing options online much simpler. Any insurance purchase has varying benefits and drawbacks, so consult with a qualified licensed insurance agent before making a purchase decision. The information presented here is designed to help you narrow down your choices, and find an affordable choice that best fits your budget and needs.
Joint Whole Life Policies
Quotes for joint whole life policies can be important to new parents. The policy covers two lives, but only pays one death benefit: when the first person dies. The policy can be stopped at that time, or converted to an individual policy without showing evidence of insurability.
New parents find this form of coverage more affordable than having two separate whole life policies. The policy charges are combined, and the question of how much coverage to purchase for the husband and wife is eliminated. They both get the same death benefit.
Because the policy pays a death benefit only once, the premium rates are much lower.
Whole Life Quotes for Children and Newborn Baby
Grandparents often find whole life insurance to be a wonderful gift for the new baby in their life. Whole life provides cash value accumulation over time that can provide funding for college, or just lock in low premiums for life on a permanent policy.
Brand new babies when healthy have extremely long life expectancies. Whole life insurance quotes for children help you see how affordable the premiums can be, how the cash values grow over time, and provide a newborn with security for a lifetime.
Single Premium Whole Life
Single premium whole life quotes fit a narrow range of individuals: those with significant amounts of cash on hand. It is intended to help established couples to provide a financial legacy either to their children, or a charity.
Single premium life means one premium payment is made at the beginning of the policy effective date. Because the premiums are paid up-front, cash values grow more quickly in comparison to one where payments are spread out over time. The insurance carrier has more time to invest the funds and generate a positive return.
Any quote for single premium whole life has one number: the amount of the one premium payment. The face amount of death benefit will be the interesting number. Your quote estimate will be based upon age, gender, health, and other factors.
Quotes for Policies with Dividend Options
Quotes for whole life policies with a dividend option are more complicated to separate and understand. A policy that pays dividends directly to the insured will cost more, and have lower cash value accumulations over time compared to one that does not.
Policies that participate in distributing dividends may allow you to return them to the policy in the form of paid up additions, reduce the monthly premiums, left to accumulate interest inside the policy, or sent to the insured in cash. Each alternative has different premium costs, and projected cash values. Ask a qualified agent for a certified illustration from the carrier.
Dividends are most commonly paid when the insurance carrier experiences better returns than expected. The excess income is distributed to policyholders in the form of a dividend.