WHOLE LIFE INSURANCE

Whole life insurance provides for a set face amount (death benefit), a level premium, and cash value table included in the policy guaranteed by the company. The primary advantages of whole life are guaranteed death benefit, guaranteed cash values and fixed and known annual premiums .

A permanent life insurance policy is any plan that is guaranteed to pay out at some point, rather than expire. Whole life insurance is the most basic and consistent permanent life insurance policy you can buy. Under a whole life policy, the premium and death benefit you are quoted at your policy's start remain the same throughout the policy's life. But because your insurer will be investing your premiums, the policy may also accumulate a cash reserve. These funds can be put to use as premiums, reinvested, or saved - it's your choice.

Whole life insurance can be considerably more expensive than its limited cousin, term life insurance, but the death benefit is guaranteed as long as premiums are met.

Click here for FREE Whole Life Insurance Quote.