Who is suitable to buy whole life insurance?

To answer the question first, those who have already allocated basic protection insurance products, and have some free money on hand and have financial planning needs are suitable for buying whole life insurance.

Because whole life insurance is of a financial nature, its allocation order should be placed after critical illness, medical, accident and other protection products. Moreover, the price of whole life insurance products is not cheap, so it is recommended that you start when you have spare funds.

Whole life insurance, as the name suggests, is an insurance product that can provide a death benefit for the insured for the whole life, and it can provide a death benefit when the insured dies.

In traditional whole life insurance, there are incremental whole life insurance and fixed whole life insurance, and the difference between the two is that the amount of incremental whole life insurance increases as the policy year goes on.

You can learn more about incremental whole life insurance in the following article:

What is incremental whole life insurance, which is both financial and protection? Is it worth getting?

In addition to the basic death benefit, some whole life insurance policies can also provide total disability coverage as well as aviation accidental death benefits. The more coverage there is, the more comprehensive the protection the insured can get. Therefore, you must have a clear understanding of the product's coverage before taking out the policy.

For example, this Guardian 2.0 whole life insurance, on the basis of providing the basic death/total disability protection, increased the aviation accident death/total disability insurance benefit responsibility, the need for friends can understand:

Blown by the netizens of the love of life Guardian 2.0 whole life, after calculating the real income I was shocked!

In addition, whole life insurance is with financial nature, especially the incremental whole life insurance, the longer the policy is held, the higher the value of the insured.

Want to know what high-yield whole life insurance policies are available on the market? Check out the following article to find out:

Fresh off the press! Don't miss out on the top five high-yield increasing whole life insurance policies!

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