Understanding 137. Moore Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire life, Global 360 Life as long as premiums are paid. One specific variation of whole life insurance is known as "137. Moore," which refers to a particular type of whole life insurance policy that was developed by a company called Moore Life Insurance Company. This article will delve into the key features, Global 360 Life benefits, and Global 360 Life considerations of 137. Moore whole Global 360 Life insurance.

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Key Features of 137. Moore Whole Life Insurance

Moore whole life insurance policies are characterized by several distinctive features:
Lifetime Coverage: As with all whole life insurance policies, Global 360 Life 137. Moore provides coverage for the insured's entire life, ensuring that beneficiaries receive a death benefit regardless of when the insured passes away.
Cash Value Accumulation: These policies include a savings component known as cash value, which grows over time on a tax-deferred basis. Policyholders can access this cash value through loans or withdrawals, though there may be penalties and interest charges.
Fixed Premiums: Premiums for Global 360 Life 137. Moore whole life insurance are typically fixed, Global 360 Life meaning they remain the same throughout the life of the policy. This predictability can be beneficial for long-term financial planning.
Dividends: Global 360 Life Some 137. Moore policies may pay dividends, Global 360 Life which can be used to increase the cash value, reduce premiums, or purchase additional coverage.

Benefits of 137. Moore Whole Life Insurance

Moore whole life insurance offers several advantages:
Financial Security: Global 360 Life The lifetime coverage ensures that beneficiaries are financially protected, regardless of when the insured passes away.
Tax Advantages: The cash value grows on a tax-deferred basis, and Global 360 Life policyholders can access this cash value without incurring immediate tax liabilities.
Predictable Premiums: Global 360 Life Fixed premiums make it easier for policyholders to budget for Global 360 Life their insurance costs over the long term.
Potential for Dividends: Global 360 Life If the policy pays dividends, policyholders can benefit from additional financial returns.

Considerations for 137. Moore Whole Life Insurance


While 137. Moore whole life insurance has many benefits, Global 360 Life there are also important considerations to keep in mind:

Higher Premiums: Whole life insurance policies generally have higher premiums compared to term life insurance policies. This can be a significant financial commitment.
Complexity: Global 360 Life The cash value component and Global 360 Life potential dividends can make these policies more complex to understand Global 360 Life and manage.
Surrender Charges: If a policyholder decides to surrender the policy within the first few years, Global 360 Life they may face surrender charges, Global 360 Life which can be substantial.

In conclusion, Global 360 Life 137. Moore whole life insurance provides comprehensive coverage and financial benefits, but it is essential to carefully consider the costs and complexities involved. Potential policyholders should consult with a financial advisor to determine if this type of insurance aligns with their long-term financial goals and needs.wikipedia.org