Best Whole Life Insurance Companies and Policies [The 5 Criteria We Use]

👉 Want to learn more? Get your free copy of the Self Banking Blueprint here https://www.insuranceandestates.com/self-banking-blueprint/ The best whole life insurance policy is a strategically designed dividend paying whole life insurance policy from a mutual company. Our current favorites include: Penn Mutual and Lafayette Life.

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A mutual company is owned by policyholders. A stock company is owned by investors. The major difference is that when a company is profitable, where does the dividend go? A mutual company will pay the dividend to its policyholders. A stock company pays investors. You can read more on the difference between a mutual company vs stock company. See https://www.insuranceandestates.com/mutual-insurance-company-vs-stock-insurance-company/

How to determine the true dividend interest rate? At the end of the day, the company that provides the best return on your cash value is going to be the one that can provide the best dividend rates with the lowest costs and investment expenses. By looking at the company's illustration you have a much better picture of how that particular whole life policy will perform over the long term. You can view various whole life companies' dividend rate history here: https://www.insuranceandestates.com/whole-life-insurance-dividends-rate-history/

So, what makes the best whole life insurance? You want to have the following criteria:
1. Mutual Company
2. Top Rated
3. Participating (pays dividends)
4. Non-Captive
5. Paid Up Additions Rider

Whole Life vs IUL
Whole life has no increasing costs. That is why it has three primary guarantees: Guaranteed Cash Value, Guaranteed Death Benefit and Guaranteed Fixed Premiums. In contrast, Index Universal Life has increasing costs of insurance, so there are no long term guarantees. You may see higher returns with an IUL policy, perhaps. But if you want predictability, guarantees, and immediate access to your cash value, then whole life insurance is the best option.

📖 Chapter Timestamps Here ⏰
0:00 Intro
1:20 Mutual vs Stock Insurance Companies
3:26 Life insurance dividends
5:23 Top 5 Criteria for the Best Whole Life insurance Companies
7:57 Best Whole Life Insurance Policy
10:17 Indexed universal life vs whole life insurance
12:35 Next Steps
12:55 Conclusion: Look at your own numbers

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DISCLAIMER: All content in this video is for educational purposes only and is not to be interpreted as personal financial advice. Always do your own due diligence.

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