CAPUT58

Whole Life Insurance is the most common type of permanent life insurance. It is designed to provide a permanent form of insurance coverage on the life of the insured as long as the renewal premiums are paid. The premium amount to be paid is usually level during the insured person’s lifetime. In addition, these policies accumulate cash values on a tax-deferred basis. The rate of return on whole life insurance cash values is dependent upon a number of factors including the results of an insurance company’s investment performance. Read the rest of this entry »

Quite often, we hear people saying that insurance is a gamble. The common assertion is that the insurer is betting that the insured will not die within the insured term, while the insured bet the other way. This could not be further than the truth. In gambling, a risk is created where non existed before. If for instance, you buy a bet from TattsLotto for $100, you have in effect created an unknown risk for yourself of the possibility of losing $100. The risk was not present before the bet was made. Read the rest of this entry »