Whole Life Insurance
Whole Life Insurance is the simplest form of permanent life insurance. It features lifelong protection with guaranteed premiums, death benefit, and cash value.
Whole Life Insurance protects you for your entire life unless you cancel the policy.
Whole Life Insurance can be right for you if you want:
- Fixed premiums that will not increase
- A guaranteed death benefit payout
- Cash value that is guaranteed to grow each year - tax-deferred
- Dividends that can be used to increase the value of the policy
Some things to consider about Whole Life Insurance:
- Premiums are initially more costly than Term Life, but are guaranteed not to increase
- Dividends are not guaranteed
- Loans and withdrawals can reduce the death benefit payout
Your representative can help you determine whether Whole Life Insurance makes sense for you and your family.
You might also consider...
Term life Insurance for temporary simplified coverage with no cash value.
Universal Life Insurance for permanent coverage, flexibility and less emphasis on cash value.
*Guarantees are based on the claims paying ability of the issuing company.
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