Whole Life

As its title indicates, whole life insurance provides a lifetime death benefit for a set premium amount and builds cash value you can use while you’re living.
The strength of a whole life insurance policy is that it provides guaranteed cash values and benefits in return for fixed premiums. A trade-off to consider is that a whole life policy may build cash value at a lower rate than alternative coverage options.

Who Should Buy Whole Life Insurance

A whole life insurance policy is recommended if you want permanent insurance and more complete guarantees than a universal life policy can provide. While the premiums are high, you’ll receive a lifetime of coverage at a set premium with a guaranteed death benefit, and cash value that you’ll be able to borrow against over time.

Whole Life

• Permanent Coverage
• Cash Value
• Retirement and Estate Planning