NetNews Usenet Archive 1992 #31/NN_1992_31.iso/spool/misc/invest/15234

Internet Message Format | 1992-12-22 | 1.8 KB

Xref: sparky misc.invest:15234 misc.taxes:3862
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Path: sparky!uunet!gatech!news.ans.net!nynexst.com!fovea!atul
From: [e-mail] (Atul Chhabra)
Subject: Whole life insurance policies
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Date: Mon, 21 Dec 92 21:40:33 GMT
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I am considering buying a whole life policy. I have the following questions for
whole life experts.

1. Is whole life insurance a good idea for life insurance, tax-deferred/tax-free
   investment, saving for children's education, and for estate planning?

2. I have often seen newspaper and magazine articles comparing the cost of term
   life insurance from several insurance companies. For term life, you just need
   to compare cost of insurance per $1000 of insurance. However, the situation
   is more complicated in the case of whole life insurance. How does one draw a
   comprehensive comparison between several whole life insurance offerings?

3. Among the top few insurance companies such as State Farm, MetLife, NY life,
   NW Mutual, etc., what have been the typical dividend scales on whole life
   policies over the past few years? Where do these rates stand currently?

Thanks in advance for your help.

--Atul
===============================================================================
Atul K. Chhabra                        Phone: [phone]
Member of Technical Staff                Fax: [phone]
NYNEX Science & Technology          Internet: [e-mail]
500 Westchester Avenue
White Plains, NY 10604
===============================================================================