本文发表在 rolia.net 枫下论坛Whole life is the earliest and most traditional form of life insurance.
1. it is a permanent policy covering to age 100, after you turn 100, you don't have to pay for the policy, insurance company takes care of it.
2. Non-participating Whole Life guarantees you cash value. Under WL, cash value comes from successful investment earning attained by investement manager of life insurance company. participating WL also has cash value, but it is not totally guaranteed but it is quite likely that there will be cash value to the account every year from dividend even if it is participating WL.
3. For whole life, you, as the insured, do not control how your money is invested, Investment specialist takes care of that for you. That may be a good thing, as they are more experienced in investment, and they have every means possbile to make money out of investment.
generally, WL is the safest way of getting your life insured, as you know for sure there will be extra cash value every year on top of your face amount insured. but it is the most expensive one.
If you don't want to worry about how to invest your insurance money, and you want to have guaranteed return, or you are very risk averse, choose WL.
different companies offer slightly different WL products. If you want to know more about Whole life offered by Clarica, I can send you detail info.
my email: albert.yang@clarica.com更多精彩文章及讨论，请光临枫下论坛 rolia.net
1. it is a permanent policy covering to age 100, after you turn 100, you don't have to pay for the policy, insurance company takes care of it.
2. Non-participating Whole Life guarantees you cash value. Under WL, cash value comes from successful investment earning attained by investement manager of life insurance company. participating WL also has cash value, but it is not totally guaranteed but it is quite likely that there will be cash value to the account every year from dividend even if it is participating WL.
3. For whole life, you, as the insured, do not control how your money is invested, Investment specialist takes care of that for you. That may be a good thing, as they are more experienced in investment, and they have every means possbile to make money out of investment.
generally, WL is the safest way of getting your life insured, as you know for sure there will be extra cash value every year on top of your face amount insured. but it is the most expensive one.
If you don't want to worry about how to invest your insurance money, and you want to have guaranteed return, or you are very risk averse, choose WL.
different companies offer slightly different WL products. If you want to know more about Whole life offered by Clarica, I can send you detail info.
my email: albert.yang@clarica.com更多精彩文章及讨论，请光临枫下论坛 rolia.net