Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Whole of Life Insurance Planning for a Secure Retirement

By Haris Portfield Subscribe to RSS | February 20th 2012 | Views:
loading
 
  



Choosing a life cover is often a tricky task which sometimes involves risk particularly in case of whole of life insurance policies. A whole of life insurance quote or a term life insurance is one of the most sought after life insurance policies meant to provide protection and security for your loved ones. Finding an insurance cover is now so easy because there are numerous insurance companies eager to provide a wide list of insurance plans of different types.

Unlike the life term policy where you get the benefit only if you die within the policy term or a specified period of time, whole of life insurance keeps you secure for the rest of your life. Your beneficiary surely gets the payout on your death. If you intend to leave a smart lump sum for your family or relatives then whole of life insurance quote is a good idea. If you want to combine whole of life insurance with the term insurance to cover any loans or debts then you can take this advantage. The only drawback in this sense is that it becomes quite expensive.

The reason for this increase in cost is the fact that eventually you are going to die someday. The insurer will definitely pay when it happens so. the other thing that makes this insurance plan expensive is the transfer of these premiums into the savings account value or these investment components. Your premiums become a source of investment for the insurer in other companies.

Despite of its dearness, people like whole of life insurance because they get cover for the rest of their life and the flexibility of this plan. Policy buyers can take advantage of tax differed cash values and thus bring a sense of comfort to them that their premiums will remain the same throughout their life. They also enjoy the high degree of safety promised by this insurance plan. Some of your withdrawals, loans and earnings may qualify for the tax favored treatment. You can access your cash value through loans and policy withdrawals. In case you quit from your policy then you’ll be able to get your accumulated cash but you may need to pay the taxes.

Before taking any decision, get complete awareness about the drawbacks of whole of life insurance quote to avoid any inconvenience at some later stage. The first and foremost factor to consider is the price of the policy which is often very high in the beginning as compared with the term premiums although they remain unchanged till the maturity of the policy. The second important thing is the withdrawals, unpaid borrowing interest and loans which have poor impact on the death benefit and affect the security that you expect for your family and loved ones.

You can expect a secure and protected retirement with the right and well structured whole of life insurance plan. However, it is wise to take more measures for a long term financial success.

Haris Portfield - About Author:
If you intend to leave a smart lump sum for your family or relatives then whole of life insurance quote is a good idea. If you want to combine whole of life insurance with the term insurance to cover any loans or debts then you can take this advantage.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/advertising-articles/whole-of-life-insurance-planning-for-a-secure-retirement.htm

Related Advertising Articles Subscribe to RSS

Why Boiler insurance is Important No Matter What the Time of Year
Published by David Samson on March 23rd 2012 | Business
This articles looks at reasons why it is important to take out boiler insurance even when the weathe...
 
Europe wide insurance for motorbike breakdown cover
Published by Tom Green on May 16th 2012 | Business
This article is about the different types of breakdown cover available across Europe for Motorcyclis...
 
Simple Tips to extend the life of your car
Published by Nicolevickers on April 14th 2012 | Business
Proper car maintenance involves hard work and perseverance. In order for your car to function well, ...
 
Uses of a packaging box in daily life
Published by John Davis on November 25th 2011 | Business
Packaging boxes play a vital role in our lives. They are found all around us, from homes to offices....
 
Aerocity Mohali- a perfect destiny for a magnificent life
Published by Deepti on March 23rd 2012 | Business
The task of buying and selling property in tricity can be nail biting. The urban part of Mohali is a...
 
Professional liability insurance
Published by Francesca on December 1st 2011 | Business
More and more professionals and companies decide to protect themselves by insuring themselves with a...
 
Sitandgoshark Vouchers/codes are a great way to save on the necessities in your life
Published by Gayathri SriValliDevi on April 27th 2012 | Business
These website offer an interface for people to share Sitandgoshark Vouchers/Sitandgoshark Voucher Co...
 
Why custom tailored shirts have become necessity of life
Published by Jhones Kenly on January 24th 2012 | Advertising
To keep up with current trends, it has become necessary for men to wear high quality dress shirts wi...
 
A lavish life style with real estate Chandigarh
Published by Deepti on March 22nd 2012 | Business
Chandigarh is the best destination when it comes to real estate investment. Buying a property in Ch...
 
Basic information about public liability insurance
Published by Lauraallen on April 3rd 2012 | Business
You can understand the importance of public liability insurance only when you face bad time in your ...
 
Go to a measurable life that will be the reason of your success one day
Published by Dion Sivla on April 4th 2012 | Business
They are the one who actually invented the measurement scoops which will actually helps the consumer...
 
ColorFx- Closer to real life
Published by James Blee on May 11th 2012 | Business
According to one recently concluded survey, the fan following for colorfx is on the rise....
 
I phone application development changes the life of people
Published by Iphoneipadandroid Applicationdevelopment on February 26th 2012 | Business
Booming of the business of Iphone application brings a great potential in the field of communication...
 
You life wrapped up in cardboard boxes
Published by Mary Porter on June 25th 2012 | Business
These memories that we pack into these cardboard boxes may not even be looked at for many more years...
 
Zadroga attorney is a life savior for the 9/11 attack victims
Published by Jennifer Weinstein on December 12th 2011 | Business
Zadroga Attorney plays a very important role in helping the sufferers of 9/11 attack in getting a re...
 
Where to search for the best car insurance quotes?
Published by John Nikolas on November 30th 2011 | Business
Are you looking for good car insurance quotes? If so then internet is the best place that can help y...
 
70-680 - the High Quality in Your life So Great
Published by Water123 on December 24th 2011 | Business
With increasing importance of information technology in nearly all industries and organizations, a C...
 
Esee Knives can mean the difference between life and death in dangerous situations.
Published by Mary Porter on June 29th 2012 | Business
Esee knives are made in the United States, but you can buy them in a several places in Europe. It is...
 
Dream house with unique designs looks perfect for today’s life style
Published by Jake Hecht on January 13th 2012 | Business
The world’s best luxurious home at dream estate can build unique home in a reasonable cost. We are...
 
Honda Parts for long life of vehicles
Published by Julia Roger on July 17th 2012 | Business
The spares belonging to reputed brand has the ability to ensure consistent maintenance like spark pl...