Author name: Clear Insurance Strategies

What Is Whole Life Insurance?  Whole life insurance, sometimes called permanent insurance, or ordinary life, is designed to stay in force throughout one’s lifetime. As long as the policy owner  meets his or her obligations under the policy, the policy remains in force, regardless of any changes in health that may occur.  Premiums for most whole life policies remain […]

In choosing the type of life insurance policy you purchase, consideration must be given to the need which is being filled, e.g., creation of an estate, payment of estate settlement costs (federal and state death taxes, last illness and burial costs, probate fees, etc.), business buy-out, key man coverage, etc. Level premium, decreasing coverage, no