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I have to add here that if you are purchasing your insurance policy from an agent, be aware that most agents are affiliated to a particular insurance company (or two). The odds therefore of receiving an unbiased opinion from them are pretty low. The Internet proves very useful in this matter. There are a number of online insurance providers that can offer you multiple quotes from hundreds of companies. This will ensure that you have a wide range of choices and are left to make a well-informed decision that suits your particular situation.
The significant difference between whole and term life insurance can boil down to the fact that at the end of the day, a term life policy offers only life coverage. Unlike whole life insurance that adds on an investment component. This in turn makes whole life insurance policies much more expensive. This extra cost might make sense if the investments assured rich pay offs. But this is not always the case. Marketed as retirement funds or forced savings, it has to be said that there are several more effective ways to invest your money. Many of these policies come along with commissions and high fees. In comparison, term life policies are inexpensive. And if you are smart enough to purchase your policy when you are young and healthy, the returns far outweigh the modest premiums.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.
It is your BIASED personal opinion which is utter BfreakingS! Your opinions and assumptions make me want to vomit in a vehement display of dissatisfaction. You should be ashamed to be spewing this garbage out at customers, let alone to come here and have the audacity to post such a retarded denunciation of agents on an agent’s forum.
By the way, life insurance is not a freaking investment, period.
Your ignorance disgusts me.