Policy remains static with blended life insurance5 of 7With a permanent insurance policy, dividends are going back into the policy, which means that the amount of cash in the policy will continue to grow. With a blended life insurance policy, the dividends are being used to buy more permanent coverage, which means the payout on the policy will stay the same until the policy is completely converted to a permanent life insurance policy. That process can take years. According to Witt, if you don't need a policy that has an increasing payout then a blended policy may be a good fit.« Back to Do you need life insurance? Related Articles:Life insurance calculatorThe basics of life insuranceInsurance calculatorsInsurance needs consentRelated Links:Do you need life insurance?14 bad insurance betsTerminating a term life policyPermanent insurance primer advertisement
With a permanent insurance policy, dividends are going back into the policy, which means that the amount of cash in the policy will continue to grow. With a blended life insurance policy, the dividends are being used to buy more permanent coverage, which means the payout on the policy will stay the same until the policy is completely converted to a permanent life insurance policy. That process can take years. According to Witt, if you don't need a policy that has an increasing payout then a blended policy may be a good fit.
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