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What exact is whole life insurance, and how do life insurance companies profit from selling it?


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carie asked:


Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?

I have tried to do some research on my own, but I still can’t seem to fully understand this matter. Any help will be greatly appreciated!

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What’s the best health insurance that actually covers for your major and basic medical fees?


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EBBC<3 asked:


I am definitely not happy with Alliance’s health insurance. I pay way too much for what’s unnecessary in their policy. Even using their health insurances, I am getting a lot of things to pay for [very basic check-ups and etc] They barely covered anything. I’m looking for a really good insurance. Personal opinions matter. Please refrain from posting a random site with top medical w/e. Affordability is a plus.

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