What is non-participating whole life insurance?
Non-participating whole life insurance is one of two main types of whole life insurance, the other being participating whole life. In a non-participating whole life contract, all of the cash values and death benefits are fully guaranteed, but will never change. If the insurance company’s actuarial projections are off, the company must make up the difference. If their projections are to their advantage, they get to keep the difference. These types of policies are very inflexible and are much more expensive than a universal life insurance policy with the same death benefit. More cash value is accumulated than universal life, but a higher premium is required to generate those cash values. A universal life insurance policy can guarantee death benefits to age 121 at the lowest possible premium, and may be a better alternative for someone interested in whole life insurance.
How can I get a quote for non-participating whole life insurance?
Simply fill out the short form on the left hand side of this page, get an INSTANT QUOTE to compare premiums for guaranteed universal life insurance, or send us an e-mail at Info@terminsurancebrokers.com and we will contact you as soon as possible for a free no-obligation consultation to determine the perfect plan for your personal needs. When you request a quote from www.TermInsuranceBrokers.com, we guarantee that we will never give your information to any third party and we will never sell your information to anyone. You can also give us a call at 1-800-571-2980 from 9 AM to 9 PM Eastern Standard Time. We look forward to hearing from you!