Disadvantages Of:
Term Life
Whole Life
Universal Life
Guaranteed Issue
Burial Insurance
Second To Die Life
Credit Life?
Children's Life
Accidental Death
Critical Illness

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"I owe much; I have nothing; the rest I leave to the poor."

~François Rabelais


Disadvantages of Whole Life Insurance:

  • You cannot choose between separate interest-bearing accounts
  • Few live to 100, so the maturity age is impractical
  • You can’t vary the monthly premium payment
  • Loans are deducted from your cash value or death benefit
  • Your cash value at retirement age may be less than your face value
  • Premiums are higher than term life
  • You may have to surrender your policy if you over withdraw
  • If you surrender your policy, there may be a taxable event
  • It can be expensive if you don’t keep the policy your entire life
  • Takes several weeks to access your cash value
  • Less flexibility than Universal
  • Probably a lower return than other types of cash value life


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"Capital punishment; them without the capital get the punishment."

~John Spenkelink, executed in electric chair

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Craig Casey
Independent Insurance Agent
California License #0B81661
PO Box 444
Jacumba, California 91934
1-619-766-3213

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