Who Has The Best Permanent Life Insurance? 
The person with the best permanent life insurance plan is you , if your plan is in force at the full face amount . If you die your heirs are not going to care whether your plan had the best rate of return or the lowest net cost . They will be thrilled that you loved them enough to provide the death benefit that they received because the policy was in force . The best permanent life insurance is the policy that is in force on the day that you die . Regardless of premiums paid , the death benefit will normally be far greater . Permanent life insurance is much more likely to pay a death benefit as only a very small percentage of term life insurance policies result in a death claim . It is quite likely that the best permanent insurance life policy is the one that you purchased several years ago . In this situation , the older , the better . As a policy gets older the increase in cash value each year approaches the premium , making the actual cost of the policy negligible . It is quite likely that the best permanent life insurance policy is the one that you purchased when you were in better health . If you can only get rated life insurance now , then obviously , a non-rated policy would have been better . Many companies offer preferred and extra-preferred rates to individuals , who meet certain weight guidelines , are free of a history of certain diseases and exhibit other healthy characteristics . Over a life time these discounts are significant . The best permanent life insurance policy is one that doesnt have any loans against it . Loans are perfectly acceptable , however , they do accrue interest and they also reduce the death benefit . While a loan may be appropriate , paying back the loan is also a good idea . The best permanent life insurance policy is the one with an up to date beneficiary . A remarkably high number of policies are paid to the wrong person every year . This person isnt wrong according to the law ; however , it is not the person that the owner of the policy wished to receive the benefit . The best permanent life insurance policy is the one purchased from a knowledgeable life insurance agent . This is an agent who has been recommended to you . This agent should listen carefully to you and provide solid financial advice . When the agent makes recommendations they should be in the form of a plan that you can handle financially . It doesnt do any good to start a plan only to later discontinue the plan . The best permanent life insurance policy is the one which is reviewed each year with that same knowledgeable life insurance agent . If there are changes necessary the agent can take care of them quickly saving you consternation later . Since additional protection might be necessary to meet your changing requirements , the agent can give solid advice on how best to cover those needs . The best permanent life insurance policy isnt the result of the superior results of an insurance company . Every company admitted in your state has been scrutinized by your insurance commissioner . Your insurance commissioner is charged with administering the insurance companies admitted or domiciled in your state . In particular , the commissioner is interested in making sure that the insurance companies can keep their promises . In the end that is what you want , a promise kept . The best permanent life insurance policy is the one that you already own or the one that you will purchase soon . 