All Life Insurance Tips

I am 24 years old, and I am looking for the best whole life insurance with the greatest cash value? Any ideas?

Right now I have Security Mutual at a 50,000 life ins policy. By the time I am 30 yrs old, only $662 would be available to borrow against. I am suicidal and I have to think about my future in case I am not able to work again

Public Comments

1. That's pathetic. I was going to anwer this question seriously, until I read the rest. You don't need life insurance . Why are you worried about how much could be borrowed against it? You'll be dead.
2. WHole Life Plan from New york life would be the best, 150yrs of track record for this product
3. Why do you need life insurance? Assuming that this posting is not a joke, you should be looking at term insurance, not whole life. Whole life is a lousy "investment."
4. Cash value is 10% of how much you pay into it. So, the greatest cash value, is the most expensive policy, that you pay the most into. Plus, every dollar you borrow reduces the payout by one dollar. Plus, you pay interest to the insurance company. Heck, if things get tough, that borrowed money probably isn't enough to pay the premiums, and then the policy cancels, and then you have NO life insurance. Life insurance is NOT NOT NOT a savings or investment plan, it's for IF YOU DIE. Taking out 10% of what you put in, losing the rest, is a ROTTEN investment plan. If you want money you can borrow against, put your $100 a month into the bank.
5. i'm tired of people saying term is better than whole. is leasing a car better than buying one ? every body has a different opinion. go to your local allstate agent an ask about your options i personally like equity index universal life insurance with 100 a month i qualify for 200k an in 20 years i will have interest on my money i can get about 20k an still leave some money in the policy an still continue coverage until i die.
6. The last thing I would be worried about is cash value. You could skip the insurance and find counseling for your suicidal tendancies, or medication. With that said, have you considered buying term life insurance and investing the rest? Do the math and see which makes more sense. This question is a little distrubing and quite morbid. Good luck. One thing you can do is have a local agent shop the market for you and find the company with the best fit. Fill out a form at http://www.myinsurancequotes.net and see what someone local can do for you. They will all have different rates. Have them compete for your business. Sincerely, Jared B. http://www.utahinsurance.org http://www.healthinsuranceinutah.com
7. you need to get an index UL product that has some guarantees so that you can have a increased cash value for future need. Whole life policies are outdated and this is the reason why. Consult your agent and if he doesnt know what an index UL is find another agent