modified premium whole life

You are missing out on one of your most excellent life-enhancing benefits

Modified Life Insurance: An ordinary life insurance policy that has premiums adjusted so that premiums are lower for the first 3-5 years than a standard policy. The premiums increase in subsequent years and are more than those of a standard insurance policy.

Modified whole life insurance offers lower premiums for a short time (usually two to three years but occasionally up to five or 10), followed by a higher rate for the remainder of the Policy. The initial savings may be tempting, but it's not the best life insurance policy for most people because of the high premiums and complicated policy options.

You can rejoice to know that you have the option of a modified plan, no matter your health situation.

A modified whole-life policy is something that most people don't need. Traditional whole-life insurance policies can be more expensive and complicated than you need. A modified whole life policy will give you:

Life insurance companies compete with each other via price and underwriting.

The Cash value increases that you can borrow.

It is necessary to be eligible for immediate coverage policies. While you aren't obligated to pass an exam, at least you will need to answer some health questions to be approved.

If a company gives 10% interest and you make $1000 in payments, you'll get $1100 back (except if you die during the waiting period).