Comments on: What exact is whole life insurance, and how do life insurance companies profit from selling it?

By: Torino

Torino — Mon, 14 Sep 2009 13:07:58 +0000

insurance website:
http://insurance21.cn

By: Mark

Mark — Mon, 14 Sep 2009 13:07:58 +0000

Time value of money. They invest the money that you give them and make a profit off of the interest.

By: deighton

deighton — Mon, 14 Sep 2009 13:07:58 +0000

it pays out on death, it’s generally more expensive than term insurance because it has to pay out at some point.

As the insurance company’s customers pay premiums, funds are built up to cover claims. As the whole of life insured customer gets older, the amount of money kept in reserve by the company to pay the insured sum if the holder dies increases.

It does work out that the insurer can provide this policy and make profit.

By: wild-man of Borneo

wild-man of Borneo — Mon, 14 Sep 2009 13:07:58 +0000

Look in the real world.
Decode this lyrics " You;ll see "
Whole life?
Good as financial security for beginners with limited income?
While still crawling in time.
If married with limited income?
A good source of financial security for the family?
Should any unforseen circunstances do happen and hit the cross road in time.?
Will be emergency funds for the family when we don’t make it home in time?
If we do live longer can be a source of income for retirement too in time.
Annual or monthly contribution by members will be reinvested by the the issuer in time.
Mostly we do need it since we only have to hands to generate extra source of income?
It’s just like investing on a piece of realty ?
Purchasing a 100,000 worth of realty with easy payment scheme in time?
With time the realty will be there waiting to be cash out in time?
Most defaulters made the mistake of not continuing payments.
Those who made it through never live to regret with all those saving at a lower cost back in the past when they were crawling in those days in the past.
Luke 21.30-36
Luke 24.44-45,47-48
What do you think?