What is modified whole life insurance?

Answer Modified whole life insurance is a type of permanent life insurance. The premium payment schedule adjusts during the life of the contract, which is why it is called modified whole life insurance.Mo... Read More »

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What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »

What is term life insurance and whole life insurance?

Term life and whole life insurance are two types of policies that provide a financial benefit when the insured passes away. Both life insurance policies have advantages in costs and protection that... Read More »

Can you switch from whole life to term life insurance?

It is possible to switch from whole life to term life insurance. Whenever you change your life insurance policy, you may increase the amount you pay. New health issues or age may influence the eval... Read More »

What is graded whole life insurance?

Graded whole life insurance is a type of life insurance that is often purchased by people who have an illness that prevents them from purchasing traditional types of life insurance. Usually there a... Read More »