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Whole life insurance provides financial security for the rest of your life. Some whole life policies go further and pay out dividends. These are referred to as dividend-paying whole life insurance policies or participating whole life insurance policies.

If you are an occasional user of marijuana, or use it for personal enjoyment, you could qualify for life insurance and even get preferred rates. Frequent users or those who consume marijuana for health benefits, may have to pay higher premiums.

When the owner of a life insurance policy passes away, the insurance provider issues a payout to their beneficiaries. In the circumstance you are named as a beneficiary on an insurance policy, it is best to submit a claim form as early as possible to receive the death benefit.

