subject: Transamerica Life Insurance – Online Quotes: Permanent Life Insurance [print this page] Transamerica Life Insurance Online Quotes: Permanent Life Insurance
Purchasing life insurance can make all the difference for your loved ones should you suddenly pass away. Unfortunately, the sheer number of available plans can often be confusing. Companies such as Transamerica offer several different plans, each with advantages and disadvantages. You should do some research before making a decision. The first thing you will need to decide is whether to purchase term or permanent life insurance. Term life insurance provides coverage for a predetermined amount of time, while permanent life insurance provides lifelong coverage. If you decide that permanent life insurance is the right choice, you will then need to choose one of the many available plans on offer. For pricing information, visit an online broker to get Transamerica life insurance online quotes. Whole life insurance is what most people generally think of when they consider purchasing a life insurance policy. This type of plan provides coverage throughout an individual's lifetime. You will pay premiums for the duration of your coverage. Premiums will increase your cash value; you can then withdraw money as necessary. This will reduce your death benefit, however. Like other types of permanent life insurance, whole life policies can be expensive because your dependents are guaranteed to collect death benefits. To find out how much you can expect to pay, get Transamerica life insurance online quotes for several different plans.
Transamerica also offers universal life insurance. This type of permanent life insurance is slightly more flexible than comparable whole life plans. You will not only be able to choose the face value of your policy, but also the premiums you wish to pay. Transamerica life insurance online quotes can give you an idea of just how flexible this plan can be. At Transamerica, universal plans are similar to whole life in that you can withdraw from your cash value if you so choose. Taking out money will be considered a withdrawal or a loan; loans will accrue interest, but both will reduce your death benefit.
Variable universal life insurance is the most flexible type of plan available. Like universal insurance, you will be able to choose the amount of your policy and premiums. You will also have the option to increase your cash value by managing investment portfolios. This option is flexible, but not without risk. You could potential reduce your death benefit or principal with this type of Transamerica life insurance. Online quotes are available at several different sites around the web.
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