Advantages Of Whole Life InsurancePosted by Nick Niesen on October 29th, 2010 Whole life insurance also known as ?permanent? or ?straight? life insurance is one of the most applied forms of insurance. This life insurance policy covers one?s entire life. This is much in demand because of its ability to provide financial protection and accrue cash value and pay dividends to the insured. In other terms, you can say it as an investment, that you make to secure your future build up finance that helps you in your indigence. Taking a whole life insurance policy leads to a number of benefits and advantages. Few of them are listed below. 1. The first advantage is The Death Benefit. 2. Consistency of premium level. 3. ?Cash value? is another beneficial feature of whole life insurance. 4. Participation in whole life insurance policy earns you the dividends. These advantages of whole life insurance policy are really worthwhile. If you are not confident you should consult an expert before taking up any policy. Like it? Share it!More by this author |