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Whole Life 

Whole life insurance is a straight forward form of a permanent policy. Buying life insurance now provides a financial security for your dependents later if you're not around to take care of them. Whole life insurance offers permanent protection, and as long as you pay required premiums on time, your benefits are guaranteed to remain in force for the policyholder's entire lifetime. While payments may be higher than a term life, whole life develops cash values at a set and fixed rate. You will pay the same premium from the day you make the purchase until the day the policy matures, or death of the policyholder.

Most whole life insurance polices mature at either age 100 or 120. 

Whole life insurance policy also offer the ability for you to access your cash value through loans for future needs. Although, doing so entails a corresponding reduction in the death benefit.

The cash value grows slowly, tax-deferred, meaning you won’t pay taxes on its gains while they’re accumulating.

Is whole life insurance right for you?

​The decision to purchase whole life insurance rather than a term life, index universal life or other life product is a personal choice and depends on a important varieties of finances, age, and coverage goals. 


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