Whole Life Insurance Nook-Shops. Com

Diane B asked: I am divorced, and am working on a will and have a whole life insurance policy. If I die, I want my 9 year old son to inherit everything but he’s too young to be an official “beneficiary” and the money will have to be put in some sort of “trust”, [...]

carie asked: Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit [...]