If you are looking for a permanent life insurance policy, then this is the place for you.

What is whole life insurance?

Whole life insurance is defined by the following three factors.

1. It can provide coverage that lasts your entire life and doesn't require renewal as long as you make regular payments, called the "premium."

2. The premiums you pay for the policy can give you access to cash value while you're living.*

3. Typically, premiums never increase.

These features make whole life insurance different from the initially lower-cost term life insurance.

Why should I buy whole life insurance?

If you're over 50, you may choose to buy whole life insurance companies because it lasts for life and premiums won't increase with age. Or if you have an expiring term policy, you may want to convert it to a whole life policy to help ensure you maintain coverage. Whatever your reasons, explore your options by gathering and comparing whole life insurance quotes.

But is not all life insurance too expensive for anyone over 50?

With life expectancies rising and insurers competing for your business, whole life insurance rates are more affordable than you might think. You may be surprised at what you can do to make your family's future more secure. In any case, it costs you nothing to find out. The important thing is to secure your whole life coverage as early as you can in order to get the lowest rate. If you have any questions, please do not hesitate to contact us.

Is all life insurance hard to get?

Although some whole life policies require in-depth underwriting, others do not require any medical exam or blood work. In fact, the application process can not be surprisingly simple. You have just a few questions on a short application.

Many life insurance companies offer free online quotes and the option to apply online or by email Directly in Just a few minutes. If you are looking for a full-time insurance company, then this is the place for you.

This article is provided by New York Life Insurance Company for informational purposes only. This article is not intended to provide tax, legal, financial, or accounting advice. Please consult your own professional advice.

Source: https://www.nylaarp.com/Learning-Center/Coverage-Options/Whole-Life-Insurance