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

Enjoy your life with second hand cars for sale in Gurgaon
Published by Dany on July 19th 2012 | Business
Trend of buying used cars in Gurgaon is growing rapidly. Now, not only the car market with new cars ...
 
Understanding difference between extended Lexus Car Warranty and insurance
Published by Ashish Pandey on February 8th 2012 | Business
By buying the Lexus car warranty from reliable sources like www.lexuscarwarranty.co.uk you can alway...
 
Criminal Defense Lawyer - Do Not Let False Claims Mess-Up Your life
Published by Dimitri Kontou on December 15th 2011 | Business
Choose the right legal attorney so that he can represent you in court smartly and fight for you agai...
 
What can be done to enhance your camera battery life?
Published by Michael Thompson on June 18th 2012 | Business
As we are aware of the various electronic devices that use batteries as their source of power, so do...
 
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...
 
70-680 - the High Quality in Your life
Published by Hanliu1003@hotmail.com on December 7th 2011 | Business
With increasing importance of information technology in nearly all industries and organizations, a C...
 
Make life a little more bearable with a London Air Conditioning Installation this summer
Published by Mary Porter on June 16th 2012 | Advertising
The London Air Conditioning keeps your workers happy and the wall mounted air conditioning units ens...
 
Role of electricians in the industries and our day to day life
Published by Ema Sis on April 5th 2012 | Business
Electricians play a significant function within our life to make sure safety along at the wiring app...
 
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...
 
De-cluttering life, one storage idea at a time
Published by Simon Dcruz on March 1st 2012 | Business
Self storage solutions are what come to mind in situations like these. One can rent as much space as...
 
A perfect example for a lavish life style
Published by Deepti on March 21st 2012 | Business
Mohali real estate offers a modern and elegant life style and great commercial options for investors...
 
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...
 
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, ...
 
The increasing pace of life florist winnipeg
Published by Roney on February 6th 2012 | Business
Get flowers delivery in winnipeg online is not really so different from his physical purchases direc...
 
Understanding critical illness insurance and its technicalities
Published by Julia Roger on May 10th 2012 | Business
Those persons, who have kids, should look for those insurance plans under the critical illness insur...
 
The best site for Idaho auto insurance
Published by Auto Insurances on January 16th 2012 | Business
Although Idaho is one of the least crowded states in the United States, it does not mean that living...
 
Light up your life with the lights of emotion.
Published by Godawariwebsolutions on December 2nd 2011 | Business
We always dream of lighting the world but it may seem to be a distant thought in this world of high ...
 
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...
 
Choosing the best life insurance quotes amongst all available
Published by Alex Alben on December 14th 2011 | Business
Not every one understands the importance of life insurance policies. But those who understand know t...
 
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...