Choosing the Best Permanent Life Insurance Seattle

In this article we will learn about choosing the best permanent life insurance seattle plan for your personal budget, as we learned from our previous articles results may vary a lot according to your own budget and in this article you will learn to fine tune a good choice when it comes to choosing a permanent life insurance plan in seattle.

What is permanent life insurance?

Before we go any further in our quest for permanent life insurance seattle we need to find what is permanent life insurance, for this purpose purpose we shall use Wikipedia for the best explanation.

According to Wikipedia: ’Permanent life insurance is a term sometimes used for life insurance, such as whole life or endowment, where the sum assured is due to be paid out at the end of the policy (assuming the policy is kept current) and the policy accrues a cash value.

This is contrasted with Term life insurance where insurance is purchased for a specified period (such as 5, 10, or 20 years) and a benefit is only paid out if the insured dies during this period.

The earliest form of permanent life insurance was offered in the 18th century as a fixed premium fixed return product known as whole life insurance. 

There were untold variations on this theme over the years. One example, which became popular in the United States in the late 20th century, was "universal life insurance". This allowed the policyholder considerable flexibility as to the amounts and timing of premiums. 

Some versions also allowed the policyholder to partially encash the policy (as opposed to taking a loan on the security of the policy) without the interest associated with the loan provisions in whole life policies. "Variable life insurance" or "linked life assurance" is similar, but the benefits are more directly linked to investment performance, thus shifting some risk to the policyholder.’

What options do I have if I live in Seattle?

Ranging from companies such as Youkie Laney to Pemco, Seattle can offer you a variety of life insurance companies that are in good stand with a strong tradition in providing people with quality life insurance.

The best permanent life insurance plan is varies from person to person but the results are usually the same: 

customer satisfaction. Because Seattle is a city with a strong financial foundation, you can find out the best permanent life insurance plan with ease, some even call seattle ‘the small apple’ because of its similarity to New York, Seattle gained this name because most financial transactions that take place here are very similar to those in New York.

Now that you know how to choose the best life insurance plan if you life in Seattle please be sure to read our other articles to find out the best solution regarding your search for permanent life insurance Seattle.