National Geographic : 1981 Nov
Life Insurance... J Should you SI 'rent' it 1 , _^ or own it? Deciding what type of life insurance you need can be compared to deciding whether to rent an apartment or own a home. This comparison can help you understand the different benefits the two basic types of insurance can provide and how Metropolitan's new Whole Lifelj,4 policy may be the answer for you. Term Insurance Is Like Renting Both an apartment lease and a term policy last for a set period. Renting an apartment is often the only affordable choice for some. So too, term insurance can initially provide much more coverage per premium dollar than whole life. Like most rents, however, the premiums on term increase with each renewal. Also, as an apartment renter doesn't build up equity, a term policy doesn't build up cash value. Whole Life Insurance Is Like Owning Both a home you own and a whole life policy can protect you for your entire life if you want. And just as a home-owner makes equal payments with a conventional mortgage, the owner of a whole life policy pays the same premium each year. Further, the cash value builds up in a whole life policy in much the same way as equity in the home does from making mortgage payments. Which LTpe of Life Insurance Is For You? The answer depends on your needs and preferences. If your needs are high, but your budget is limited, term insurance may be the answer. Or, you may prefer the permanence, fixed premiums and cash value of whole life, but feel you really can't afford this type of protection. Now there's an answer to this dilemma-Metropolitan's new Whole Life d. Policy. It's like putting an addition on your house at no extra cost. Vr 41 Metropolitan's new Whole Life f Policy can give you the whole life benefits you need-at a surprisingly low premium. Depending on your age, Metropolitan's new Whole Life Plus Policy lets you buy up to one-third more whole life coverage than we offered before for the same premium payment. It's like building a sizeable addition on the cozy traditional whole life house-with no extra payment! Metropolitan is offering the Whole Life Plus Policy for coverage amounts of $25,000 or more and you'll probably be surprised at how much coverage you can now afford. Is Whole Life dW The Answer? Your local Metropolitan representative is a trained professional, prepared to help you answer this question and meet all of your insurance needs-life, health, auto, home and retirement. Metropolitan Metropolitan really stands by you. LIFE/HEALTHIAUTO/HOMEIRETIREMENT *s .~ : t . ..--. © 1981 Metropolitan Life Insurance Co. New York, N.Y.