New York, NY (PressExposure) May 12, 2011 -- A new guide on whole life insurance has been launched at http://wholelifeinsurancetm.com/. The website offers visitors detailed information on the types of whole life policies together with information and resources from each state. As part of the extensive information offered the website details the difference between term and whole life insurance, enabling consumers to compare the different financial products.
When a breadwinner in a family dies, the remaining family members often struggle financially in terms of paying for funeral and other end of life expenses, keeping up mortgage repayments and their quality of living. The situation is direr when the decedent failed to make adequate financial support or didn't leave any live insurance.
"Not many people consider life insurance as a crucial issue in their younger years. The problem is, life insurance can get expensive once you start reaching your fifties and may be impossible to get in your sixties. Whole life insurance policies take a long time to build decent cash value and for this reason it's important to start considering your options early" says Jakub Bednar, founder of the website.
Looking after the family's financial interest after death is a crucial issue, especially for single parents. Whole life policies offer protection for life, not just a defined term. Even as you age or your health deteriorates the policy continues as long as premiums continue to be paid.
There's also a large variety of options with Whole Life Insurance. The policy can be a simple interest earning plan or policy holders can choose more volatile options which offer greater investment control. These are just some of the issues that consumers need to consider when buying a life insurance policy to provide for their loved ones.
Wholelifeinsuracetm.com offers a detailed explanation of the types of whole life policies available and other issues. Consumers can now start researching how to structure their life insurance and provide for their families.