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If Whole Life Insurance Is So Attractive, Why Haven't I Heard?

So you've read about how best whole life insurance is: coverage for your entire life, guaranteed premiums, the taxdeferred cash value build-up, tax-free death benefit, tax-free access to cash value via policy loan, competitive rate of return, guarantees, creditor protection, unlimited contribution, unlimited investments, collateral etc. But why haven't you heard all this before? Why aren't there ads on television and in the newspaper highlighting these tremendous benefits?Truth be told, the government has bestowed some incredible tax advantages on owners of the permanent life insurance policy such as whole life. These loopholes have survived because in the eyes of the IRS and lawmakers the whole life insurance policy is not a mainstream product such as a 401(k) or IRA. If life insurance companies started mass marketing these whole life insurance benefits, Congress may come after these great tax advantages and given the bigger tax deficit of US treasury, they would be forced to restrict or abolish the tax-deferred growth benefit. A fear of losing the advantages certainly exists. There are also many insurance companies that do not have best whole life insurance policies or simply do not offer. Many of the companies that offer whole life insurance are longstanding, large companies. When the company's investments perform well, its mortality experience is positive, and it generates good profit margins, it pays a dividend that gets put into each whole life insurance policyholder's cash value. On top of that, the policyholder's cash value receives the 4-5% guaranteed interest rate depending on what type of company it is. Lastly, most traditional insurance salespeople either do not understand the whole life insurance policy or work for companies that do not offer best whole life insurance policies with a history of strong dividend payout. Therefore, they are out there pitching the "buy term insurance and invest the difference" concept. These same salespeople are often mediocre, lack in-depth insurance experience, and can even be biased. The wealthy Americans are taking advantage of the tremendous tax benefits of whole life policies while they are alive and passing on sizeable death claims to their beneficiaries without paying any taxes by structuring the policy in the correct manner. Famous retailer J.C. Penney borrowed from his life insurance policies to help meet the company payroll following the 1929 stock market crash. In 1953, Walt Disney borrowed from his life insurance, sold his vacation home, and borrowed money from employees to fund Disneyland, his first theme park. And according to a New York Times article on July 28, 2002, Henry R. Silverman, CEO of Cendent, paid $3,653,365 for the annual premium on his policy in 2001, and Martha Stewart paid $1,174,069 for her 2001 annual premium. It’s a safe bet these are not term policies. Please call one of our life insurance specialists at (866) 972-3262 to understand whole life insurance and find the best whole life quote for you and for your family’s financial security or complete this short quote request form now.


If Whole Life Insurance Is So Attractive, Why Haven't I Heard