Disadvantages Of Whole Life Insurance

866 Words4 Pages
2.1.2 Comparison of Advantages and Disadvantages for Types of Whole Life Insurance
Comparison of Advantages for Types of Whole Life Insurance
1. Variables Life Insurance
Some of its advantages are the premium value is usually fixed; which makes the policy holder can be at ease about rising premium issue. Investment variety is also one of its advantages due to wide variety investment options that available, which can offer many choices in potential growth options of invested funds to policy holder (Wright, 2015).
2. Indexed Universal Life Insurance
The advantages may include above average returns when the selected index does well (Dowd, 2015). Policy loans are permitted and usually are income taxes free. This insurance offers better returns than other universal plans in a strong stock market and has lower
…show more content…
Motley. (2015, 9 30). The Motley Fool. Retrieved from Investment Planning: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCMQFjABahUKEwjSys6k7ZbJAhXGBo4KHedwCEE&url=http%3A%2F%2Fwww.fool.com%2Fknowledge-center%2F2015%2F09%2F30%2Fpros-and-cons-of-indexed-universal-life-insurance.aspx&usg=AFQj
10. Provider, I. (2015). Insurance Provider. Retrieved from What is indeterminate premium life insurance?: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0CC4QFjADahUKEwifiIP2pJfJAhVBt44KHQ2QAnU&url=http%3A%2F%2Fwww.insuranceproviders.com%2Fwhat-is-indeterminate-premium-life-insurance%2F&usg=AFQjCNGbnaz-t6ytb7XuEachpRMlHj4KM
11. Quote, L. I. (2015). Retrieved from Variable Life Insurance Advantages & Disadvantages: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCIQFjABahUKEwjg3o2WlJfJAhWDT44KHeAUDo8&url=http%3A%2F%2Fwww.lifeinsurancequote.net%2Fvariable-life-advantages-disadvantages%2F&usg=AFQjCNEi64WdybNPxpcMtbT5yndIWcPL4A
12. Rejda, G. E., & McNamara, M. J. (2014). In Principles Of Risk Management and Insurance (pp. 228). England: Pearson Education
Open Document