Whole life insurance is a form of permanent life insurance designed to cover you for your entire life. In addition to guaranteed premiums and death benefits, a whole life insurance policy has the potential to increase in value over time – providing additional death benefit for your beneficiaries.
Whole Life Insurance
Features of This Product Include:
- Coverage for your entire life
- Coverage and cash value guaranteed
- Guaranteed level cost
- The ability to build tax-advantaged cash value in your life insurance policy
A life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime, as long payments are made. Whole life insurance is the most predictable type of coverage; your death benefit and cost is guaranteed.
Did You Know?
The value of a whole life insurance policy is uncorrelated to the stock market and is largely guaranteed by the insurer, so that neither death benefits nor cash values are affected by declining markets.