Whole Life
With Dividends
Author:
Ivon T. Hughes
No one likes
to throw money away. But we don't always have a lot of cash to spare. So
when the need for life insurance arises most will, quite rightly, opt for
term life insurance.
Of course,
term is the cheapest way to ensure protection for you and your family. The
objection to buying permanent insurance versus term is that it is too expensive
and does not fit in the budget. This is a very valid objection unless we
combine insurance and savings together.
Return of
Premium Whole Life
Whole life
insurance with dividends is the most secure investment in the industry, because
of three benefits.
Benefit
#1: You are assured that you will receive a full refund of your premium
if you maintain the policy for a minimum number of years.
Benefit
#2: You can quickly build an account in your policy from which you can
make loans without the need to go to a bank.
Benefit
#3: Once you start this program, you force yourself to continue saving.
Otherwise you lose the money you have paid along with your chance of building
a permanent account from which you can borrow.
Obviously you
must resolve to continue the plan over the period of time necessary to build
the value.