# Guaranteed Death Benefit
The death benefit of a whole life insurance policy is guaranteed to stay level for the duration. Benefits of the death of a whole life insurance policy is guaranteed to stay level for the duration. If you think about it, that means a lifetime. If you think about this, it means a lifetime. That type of guarantee can not be sneezed at. Type of guarantee can not be sneezed at. The premiums of your whole life insurance policy is guaranteed never to increase is Also. Premiums on whole life insurance policy you are also guaranteed never to increase. This is Also a Very Important feature. It is also a very important feature. The policy cans never be CANCELED by the insurance company. This policy can never be canceled by the insurance company.
# Cash Value The accumulated cash value accumulation
If We Are going to look at a whole life insurance explanation We Must Examine cash values. If we're going to see an explanation for life insurance we have to examine the cash value. A whole life insurance policy has what is commonly Referred to as cash values. That cash is available to you if you need it ... Should at any time. A life insurance policy as a whole has what is often referred to as cash value. That is the cash available to you if you should need it ... any time. You can surrender your policy and get the cash That the policy has Earnings, cans or you take the cash in the form of a loan and still keep your policy in force. You can submit your policy and get cash that the policy has been accumulated, or you can get cash in the form of the loan and still keep your policy in force. The cash value of your policy accumulates tax-deferred, the which means That while the cash is accumulating interest, you pay no taxes on the interest. Your policy cash value accumulates tax deferred, which means that while the income is collecting interest that you pay no tax on interest. Whenever you take out the cash you pay the taxes then. Every time you pick up your cash to pay the tax. Also you borrow on a tax free basis. You can also borrow tax-free.
# Dividends Dividend
In our whole life insurance explanation We Must Also find out how dividends work. In our whole life insurance explanation we also need to know how dividends work. As most policies are whole life insurance policies participating you earn dividends on your policy. As with all life insurance policies that most are participating policy dividends you earn on your policy. EACH year the life insurance company declares a dividend ... a portion of the which goes to the WHO policy owners own a whole life policy. Every year insurance companies declare dividends ... some of which go to the policy owner who has a lifetime policy. Dividends are not guaranteed. Dividends are not guaranteed. You can take your dividend in cash. You can take your dividends in cash. The company will from send you a check EACH year. The company will send you a check every year. You can leave the dividends to accumulate interest, you cans use the dividend to reduce your premium outlay, or you cans elect to purchase a paid-up additions with your dividends. You can leave a dividend to collect interest, you can use dividends to reduce your premium expenses, or you can choose to purchase additional paid with your dividends. Paid-up additions are single premium policies of the Same type ... That Is whole life insurance. paid-up additions are single premium policies of the same type ... namely life insurance. These have a paid-up additions Also accumulate cash values and dividends. Additional Paid It also has a cash value and accumulated dividends.
# Waiver Of Premium Rider Disability Disability Waiver Of Premium Rider
You can add a waiver of premium rider to your policy, the which states in a Nutshell, that if you changed from disabled Should anytime after six months of disability will from the life insurance company pay the premiums for you. You can add the exception of premium rider on your policy, which states in brief, that if you should become disabled when after six months of disability insurance company will pay a premium for you. It does not matter how long you are disabled. No matter how long you are disabled. They will of pay the premiums even if it is for the rest of your life. They will pay a premium even if it is for your lifetime.
# Accidental Death Benefit Accidental Death Benefit
To your whole life policy, you cans add an accidental death benefit rider if the which states That Should you die in an accident the insurance company pay your beneficiary will of twice the amount of life insurance you applied for. For your whole life policy, you can add accidental death benefit rider which states that if you should die in an accident the insurance company will pay you twice the amount of inheritance you apply for life insurance.
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