Readers Question:”What are the three basic forms of whole life insurance in Bethlehem, Pennsylvania?”

Straight whole life insurance is a whole life policy that provides a constant level of protection and level premiums throughout the life of the policy which is until death of the policy holder or age 100 as long as the premiums are paid on time.

Limited pay whole life insurance is a whole life policy in which premiums are paid for a set number of years at which the policy is considered paid in full and coverage is good for life. The shorter the period for premiums the higher they will be.

Single premium whole life insurance is a whole life policy in which one substantial single premium is paid at the beginning and from that point on the policy is considered paid in full. This premium gives it an immediate cash value.