Modified Whole Life Premium
Modified whole life insurance offers a death benefit that never expires so long as premiums are paid. This policy is paid up after one large initial payment. Source: www.pinterest.com 1976 Harley Davidson Dyna Glide FXR FXE Harley Davidson Modified whole life insurance plans never cancel due to age or health. Modified whole life premium This type of policy is ideal for someone who wants to buy a policy with a high death benefit and knows they will be in a better position to pay higher premiums in the future. After the waiting period is over, the full benefit is payable for any reason. Modified whole life premium , Premiums in the early years are lower than those for an equivalent level premium whole life policy, but still higher than term insurance premiums. How long does one premium payment cover in a single premium whole life policy? Make sure you fully understand any potential premium changes before completing an application. The premium on modified whole life is s...