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Whole Life Insurance Policy Explained

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Whole Life Insurance Policy Explained



Professor Jack Morton explains what a Whole Life Policy is on the Life & Health insurance licensing exam.

11 COMMENTS

  1. doesnt make any sense paying for two things your whole life but only benfiting off of 1 once the primary passes away. worst investment ever made and offered for the consumer.?

  2. The cash value of the whole life policy is borrowed from the insurance company and if it's not repaid, then the insurance company will subtract that amount from the face value of the policy in the event of insureds death. The insurance company maintains control of the cash value account until the policy is surrendered or the death benefit is paid.

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