WAW037: Permanent Life Insurance - Whole Life, Universal Life, and Variable Life

Welcome to our thirty seventh episode of "A Word About Wealth”. In this episode, we get into the deep end and talk about permanent life insurance. AKA Whole Life, Universal Life, and Variable insurance. If you have no idea what any of those insurance types are, then you’re at the right spot. Even if you know what these are, this will serve as a great refresher course. We’ll go over: 1. Define the basics of permanent life insurance policy is. 2. Explain face value vs cash value 3. Types of permanent life insurance 4. Explain Whole Life vs Universal Life vs Variable Life 5. Provide cost examples 6. Pro’s and Con’s 7. Best Practices References: 
1. Life insurance Top 10 Questions - http://www.dfs.ny.gov/consumer/que_top10/que_life_who.htm 2. Permanent Life Insurance Overview - https://www.lifehappens.org/insurance-overview/permanent-insurance/ As always, if you have any questions, comments, or topic recommendations, please email us at [email protected]. Subscribe to future episodes of “A Word About Wealth” as we strive to deliver financial entertainment to the masses.