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Whole Life Insurance - Long Term Life Insurance Coverage Guide Brookings SD

Whole Life Insurance, also called Permanent Life Insurance , is bought for the rest of your life. You'll pay more than you would for term life insurance , but whole life insurance premiums do not increase with your age after you buy. This is one of the selling points.

Mr. Todd M. Klein (RFC®), CFP
(605) 348-2433
1241 E St. Joseph St
Rapid City, SD
Company
Fintegra, LLC
Qualifications
Years of Experience: 19
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Education Plan

Data Provided by:
Aberdeen Clu
(605) 225-5011
617 S 15th St
Aberdeen, SD
 
Simplified Life Insurance
(605) 405-4133
4300 S. Louise Ave. STE 101
Sioux Falls, SD
Alternate Phone Number
605-405-4133
Services
Life Insurance

Data Provided by:

Whole Life Insurance - Long Term Life Insurance Coverage Guide

Provided By: 

Whole Life Insurance

Whole Life Insurance, also called Permanent Life Insurance , is bought for the rest of your life. You'll pay more than you would for term life insurance , but whole life insurance premiums do not increase with your age after you buy. This is one of the selling points.

In the early years of the whole life insurance policy when you're a low risk, you'll pay more in annual premiums than you would with a comparable term life insurance plan. However, you become a higher risk at an older age, and the cost of term life insurance goes up. Therefore, the premium eventually becomes less than the cost of a comparable term policy.

For more information regarding life insurance check out the following pages: Life Insurance , Why do I need life insurance , How do I decide what I need , What types of life insure can I get , Permanent life insurance , Whole life insurance , Universal life insurance , Term life insurance , Other types of life insurance and don't forget to check out the How can I reduce life insurance costs page.

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