What is Whole Life?
A form of permanent life insurance, whole life insurance features guaranteed premiums, death benefits, and cash value. Whole life insurance policies also give you the potential to receive dividends, which can increase the value of the policy when the insured is living or provide an increased death benefit for your beneficiaries.
Reasons to Buy Whole Life
Protection for Life
Payments that stay the same each year
The ability to add more money into the policy on a tax-favored basis
Cash value you can use while you are living