5 common whole life myths, debunked

August 22, 2014 by Thomas Smoot

Whole life insurance provides a broad range of financial benefits, and has proved its long-term value over generations. While many financial instruments faltered during the recent “Great Recession,” whole life insurance provided families and small business owners with a much-needed source of funds and retirees with access to additional income — all the while building guaranteed cash values, and paying death benefits to beneficiaries.

For the last two decades, financial pundits have discounted the benefits of whole life insurance in favor of trendy, equity-oriented vehicles that seemed to offer higher returns at lower costs, often forgetting to contemplate the risk-reward trade-off. Click here to read…

Originally Posted at LifeHealthPro on August 22, 2014 by Thomas Smoot.