whole life insurance (PowerPoint)

							Understanding the Benefits of
Getting a Whole Life Insurance
The concept of protection through insurance plans has evolved
  throughout the years. There used to be a time where getting
  an insurance means one would have to die or suffer an
  incapacitating accident, or lose some body parts in order to
  get their money’s worth of paying insurance premiums.

Nowadays, however, progressive plans like a whole life
  insurance are available and do not require death or disability
  in order for the plan holder to get some substantial benefits.
  Here is a closer look at what a whole life insurance is and how
  getting one can be beneficial to one’s life.
As the name implies, whole life insurance is a total package. It
   has the basic benefits of getting an insurance which pertains
   to getting a specified amount when a person dies or becomes
   handicapped.

These terms are all part of the benefits that one can get. Aside
  from that, additional benefits are also offered to whole life
  insurance plan holders if they reach a certain age and they are
  still healthy and living a normal life.

One of the most common benefits is being able to get a fixed
  amount regularly once the plan holder reaches a certain age.
  The money can either be withdrawn or kept with the plan
  provider and earn interest.
When a person feels that there is no need to get regular payouts
 from the whole life insurance, there is an option to just keep
 the money in one’s plan. But this does not mean that the
 money will sleep. The insurance provider will be paying out a
 specific amount of interest rate for the amount of money that
 stays in one’s plan. Therefore, having a whole life insurance
 plan is also like having a savings account in the bank that
 earns interest.
Aside from this, some whole life insurance plans also offers the
   plan holder the ability to take out a loan. The loan amount is
   usually deducted from the amount of money that the
   beneficiaries are supposed to get when one dies. Note that
   the death benefit is still there, but one can take advantage of
   a portion of it even when someone is still alive.

These benefits make a whole life insurance not just beneficial
  for family members of the plan holder when he or she dies. It
  also provides a means for the plan holder to take advantage
  of his plan and spend the money with his or her loved ones
  while he or she is still alive.
Whole life insurance plans are instrumental in making people
 think differently about getting insurance. Now, one will not
 only be able to secure the life of his or her family when he or
 she passes away or suffers an accident.

One can now know that paying years of insurance premiums
  would mean that in the right time, he or she will be able to
  provide additional support for his or her family even if he or
  she is still alive and healthy. This gives meaning to the term
  ‘life’ insurance which many people perceives more as ‘death’
  insurance.

http://comprehensive-insurance.org/understanding-the-
   benefits-of-getting-a-whole-life-insurance/