Whole life insurtance is the most basic type of permanent life insurance. It provides money for your family if you die, and money for you while you are still living. Your premiums, while quite a bit higher than term insurance, are guaranteed not to increase. Over time, the policy builds up cash value. It can earn annual dividends ( not guaranteed ) that you can use in your lifetime while you are still alive.
Who is Whole Life for?
* People who need life insurance for a long term
* People who want to accumulate cash value on a tax-deferred basis.
* People who are attracted to the high degree of safety provided by the policy*s guarantees
Who is Whole Life for?
* People who need life insurance for a long term
* People who want to accumulate cash value on a tax-deferred basis.
* People who are attracted to the high degree of safety provided by the policy*s guarantees
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