Steelhead Insurance Services Corp. 405 North Hayden Bay Drive Portland, OR 97217 Phone: (877) 235-9299 E-mail: Dave@SteelheadInsurance.com
Whole Life Insurance is a life insurance policy that remains in force for the insured's whole life and requires premiums to be paid every year into the policy. The company generally will guarantee that the policy's cash values will increase regardless of the performance of the company or its experience with death claims. Whole life insurance typically requires that the owner pay premiums for the life of the policy. There are some arrangements that let the policy be "paid up", which means that no further payments are ever required, in as few as 5 years, or with even a single large premium. Typically if the payer doesn't make a large premium payment at the outset of the life insurance contract, then he is not allowed to begin making them later in the contract life.
Whole life insurance also can build cash value, which you can borrow against. This cash value is a return on a portion of your premiums that the insurance company invests. Cash values are considered liquid enough to be used for investment capital, but only if the owner is financially healthy enough to continue making premium payments (Single premium whole life policies avoid the risk of the insured failing to make premium payments and are liquid enough to be used as collateral. Single premium policies require that the insured pay a onetime premium that tends to be lower than the split payments. Because these policies are fully paid at inception, they have no financial risk and are liquid and secure enough to be used as collateral under the insurance clause of collateral assignment.) Cash value access is tax free up to the point of total premiums paid, and the rest may be accessed tax free in the form of policy loans. If the policy lapses, taxes would be due on outstanding loans. If the insured dies, death benefit is reduced by the amount of any outstanding loan balance.
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Dave,
First of all I appreciated your approach. You were not pushy but stayed in touch…you were always polite, direct and I never felt that you were condescending at all. You are assertive and confident but I didn’t feel arrogance. You gave enough examples or stories of your own information to help me relate too.
You were a gentleman and dealt with me patiently and respectfully. That is the best way to get more business and increase your sales!
Thank you. - Marla G. Jonesville, Michigan
Hello Dave,
I’m very pleased with all the effort you put in with me in obtaining the best possible rate. If you have a few business cards and some literature, drop it in the mail and I’ll make certain that it is given to friends and business associates who may be prospects for your services. - Russ F. Schaumburg, Illinois
You made it really easy to go through this long process by keeping me informed every step of the way which was very important. It has truly been a pleasure to work with you and your staff.
Thank you - Rodney B. Gresham, Oregon
All positive feedback. You were extremely patient as this was a long process but at no time did I feel I was being pressured. In the end I felt I went forward with the policy and price to fit my requirements so overall it was a good experience.
Cheers, - Neil B. Woodstock, Georgia
Dear Dave:
I will be most honored to pass the word around that you are a good Agent. You stayed in touch with me. I was so impressed on how you handled the underwriters. You did not let me down, and you kept your word. You could have just said, "I\'m sorry I can\'t help you." You did not do that, and for that reason, I really appreciate you. You got me a fine rate and reasonable amount of years. Thank you so much. My daughter has lots of young friends that have no insurance for themselves or their kids. I will be more than happy to tell all of them about you.
Thanks in Advance, - Ms. Hubertha E. Houston, Texas
Good morning, Dave. Always nice to hear from you! Any time the occasion or subject arises, I will certainly recommend you to family, friends, and acquaintances. You are a good guy!
Have a lovely Holiday Season and a prosperous New Year! - David V. Seattle, Washington
You have been wonderful. You have no idea the challenges I encountered to get this done. Your patience has been noted. It is my desire to be a blessing in this way to my family. To live long that is. lol
Thank you! - Ms. Rand Columbus, Ohio
Hi Dave,
All is well and you did a great job for me. You can bet I will recommend you to friends and family if they have a need. - Tom B. Montgomery, Illinois
The process was very smooth and easy, especially considering the fact that I was traveling the whole time. I will recommend you to anyone looking for life insurance. - Danny B. Madera, California
You helped me out a great deal in getting this policy and I will be happy to ALWAYS mention your name to friends and family in need of your services. The process went perfectly smooth. The price was right and the coverage was just what I wanted. I appreciate your help and wish you luck in all of your endeavors.
Sincerely, - Craig A. Crystal Lake, Illinois
Dear David,
You were extremely helpful with the whole process, and every time I needed something explained, you were right there to help me. I would highly recommend you to anyone I know who is looking for insurance. Thanks for everything. - David G New Smyrna, Florida
I really thought the process was very easy and everyone seemed to know what they were doing and wonder if you offer other types of insurance, such as auto and home. - John S. Apache Junction, Arizona
Hi Dave!
Thank you! I would like to tell you what a wonderful job you did!! My first impression was to trust you based on your voice quality and confidence in your insurance knowledge alone. You immediately responded to my fear of that by providing me all the necessary information I would need from you in order to check your credentials on our State\'s official government web site. All your credentials checked out, and you further went the distance while you patiently waited again when I told you I wanted to check Assurity Life\'s ratings on my Consumer Report\'s web site. You earned my trust, and the end result was terrific!!
Sincerely, - Theresa L. Allendale, Michigan
I liked the prompt service regarding my questions, and sending me (over e-mail) different scenarios regarding years and amount of coverage. Good follow-up. You were personable over the phone and called every now and then, to see if I had questions or if I had made any decisions. Everything went pretty quickly actually. - Kathryn D. Omro, Wisconsin