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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

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Best whole life insurance

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: Who really has the best permanent or whole life insurance?

A: No question will spark a more heated debate in a room full of insurance agents. Since so much fortune is riding on this issue, insurers go to great lengths to publicize their performance results. Even so, there are no fewer answers to this question than there are people with a financial stake in the life insurance business. The answer to your question, of course, depends on the many variables that are unique for your specific circumstances and also varies with a few unknowns factors like lifespan and future economic circumstances. The many variables and unknown issues make it impossible (or at least useless) to do this type of analysis in any mathematical method. Those who watch the TV show "Numbers" might appreciate that the methodology used for complex problem-solving with multiple variables has been greatly oversimplified for the purpose of television. It makes sense to schedule a one-one-one telephone consultation through OnlineAdviser to consider these choices. It seems clear that the same handful of high quality insurance companies come up time and time again in a discussion of the best performers. Ohio National, Mass Mutual, Northwestern Mutual seem to mentioned most often by experienced life underwriters and those with the best understanding of insurance. It seems fair to say that any of these will perform well with minimal differences between them. I would suggest that anyone considering taking out a large and expensive policy should consider using one of these three insurers. One interesting difference between these companies s how they distribute their insurance. Ohio National uses only independent agents, Mass Mutual uses independent agents and in-house employee agents and Northwest Mutual uses only in-house employee agents. As a result, the company a good agent recommends more likely reflects his business set-up rather than an actual difference between the insurance policies.


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