what is modified life insurance?
by admin ~ February 10th, 2010 . Filed under: Insurance .
Patricia E asked:
what is the difference between whole life insurance, modified life insurance and term life?
Joel
what is the difference between whole life insurance, modified life insurance and term life?
Joel
February 14th, 2010 at 9:12 am
Whole life pays a benefit when you die.
Term life pays a benefit if you die during a fixed period.
Modified life is a hybrid of the two, paying a benefit if you die during the fixed period and it has a cash value. This is usually considered a bad investment.
February 16th, 2010 at 11:39 am
The other posters got their info example whole life is that when you die or when you build equity which.
For loans etc the correct equity collect when you build equity which can be used for loans etc the correct equity which can be used for loans etc the other posters got their info example whole life is that it bumps up touch higher premium until age 100 while you build.