Whole Life and Universal Life Insurance Quotes

Whole life and Universal Life insurance are forms of permanent insurance. Unlike term insurance, if these plans are structured properly, they remain in force for the lifetime of the insured.  Whole Life and Universal Life Insurance build cash value. The insured can borrow against the cash value of a policy in the event of an emergency.   Get a quote now.

These plans are best purchased when you are young. Rates are more than for term life insurance and can be quite expensive after the age of 40. Whole life insurance and Universal life usually offer level premiums for the life of the policy.  It is also possible to structure your policy so that you only pay premiums for a certain number of years.

This option is more costly than paying a level amount forever.  However, for planning purposes, this is a valuable feature, since most people don't want to pay a large amount of money during their retirement years.

If you are interested in this type of coverage it is extremely important that your policy have a "no lapse" guarantee built into the plan.  This is a contractual obligation given by the insurance company that as long as you pay your premiums on time, your coverage will never lapse, regardless of how low interest rates drop.

The reason this feature is so important is that many agent sell these plans based on an "assumed" rate of interest.  Illustrations with an assumed rate of interest are basically worthless because if the rate you earn ever drops below the assumed rate the cash value will not increase as illustrated.

Nevertheless, whole life and universal life insurance plans with no lapse guarantees can satisfy a multitude of financial goals, from estate preservation to estate liquidity to college funding for children.  They also make wonderful gifts for grandchildren.

Whole Life and Universal Life insurance Policies offer:

• Accumulation of Cash Value
• Insurance is Permanent
• Can borrow against cash buildup in emergencies
• Premiums remain level

 Please go to our sister site

http://www.terminsurance4less.com

for permanent life insurance quotes!

We apologize for this redirection while we switch AvalonLife.com to the same instant quote engine used by our other very successful site.  This should only take a few more days.