What Are The Disadvantages Of Whole Life Insurance? 
Whole Life Insurance is what started it all and it is still widely sold . However , it is also the most expensive by far . But it is totally secure and will never lose any money no matter what happens in the economy . Most people would , however , be better served with a newer product called Equity Indexed Universal Life -LRB- EIUL -RRB- , which several companies now can provide . The cost is much lower , and the ability to gain a substantial increase in value is much higher . While it is tied to the market , a very few companies allow the consumer to avoid the risk of market drops completely . National Life Group , in a product they market through their largest broker , Premier Financial Alliance -LRB- PFA -RRB- has a protective floor , so that if the market goes down , your account will never go down but will stay at the amount it was at the prior year . When the market goes up , your account goes up , with a cap , so if the market goes way up , yours will just not go as high as the market might . Love to discuss this with anyone . GARY LANE , 714 422 9616 . Thank you all . 