How Dividends in Whole Life Policies Are Calculated Dividends in participating whole life insurance policies are not guaranteed, but rather reflect the insurance company’s financial performance. They are typically determined by a complex formula that considers three main factors

Understanding Life Insurance: A Comprehensive Guide Life insurance is a contract between an individual (the policyholder) and an insurance company. In exchange for regular premium payments, the insurance company promises to pay a sum of money, known as a death benefit, to designated b

Permanent Life Insurance and Term Life Insurance Life insurance policies are broadly categorized into two main types: Term life insurance and Permanent life insurance. While both provide a financial safety net for your loved ones, they differ significantly in their structure, duration

There are 3 types of Life Insurance (click here for video): – Term Life Insurance – most commonly used for temporary needs e.g. when you have financially dependent children or spouse or parents, when you have a mortgage (instead of buying creditor mortgage insurance), or b