MAIN Your Money Insurance Whole Life Insurance

The solid mainstay of the life insurance industry, "permanent" or whole life insurance is one of the most widely held among consumers.

Of course, the insurance company you deal with is the main factor in whether it remains rock solid in guaranteeing death benefits and cash value. So it pays to shop around - and to learn more about the company's financial health before you purchase your policy.

The most basic form of cash-value life insurance, whole life provides an opportunity to build up tax-deferred equity as you pay your monthly premiums. Unlike bare bones term life insurance, whole life can also be borrowed against in the event of a financial pinch, or even forfeited for its cash value.

In addition, there are a handful of options to whole life you can explore with an insurance agent, depending your financial circumstances.

These include a single one-time premium payment, which gives the policy immediate cash value; or policies that allow for lower payments in the beginning and higher payments in later years (modified whole life); or initial lower payments that gradually level off (graded premium).

On the Web, learn more about the policy that's best for you at top sites offering tips and advice, policy comparisons, and the basic pros and cons of purchasing whole life insurance ...

Yahoo! The Central Debate: Term vs. Whole Life Insurance - Just like it says with a discussion on the benefits of each, but with a nod toward choosing whole life for its accumulated cash value.

Whole life vs. term life insurance - Another comparison from CNN Money, with the argument squarely in favor of term life insurance for its cheaper cost. Also see related links to basic life insurance facts and info.

Whole Life Insurance Policy - Quick overview from Investopedia with links to related articles.

Defining Universal and Whole Life Insurance - Good comparision of the two from InsWeb with lots more tips, facts and information in their archived article collection Life Insurance Learing Center.

Whole Life Insurance - Clear explanation of it works, its benefits, and details on the various policies available.

Life Insurance Frequently Asked Questions - An extensive FAQ covering the gamut of the most commonly asked life insurance questions including money saving tips, guides to choosing a policy, claims & settlements, comparisons, charts and tables.

also see -> Term Life Insurance | Universal Life Insurance