Whole Life

Whole life insurance is a type of permanent life insurance that provides coverage
for the insured’s entire lifetime, as long as the premiums are paid. Here are some key features:

Lifetime Coverage: Unlike term life insurance, which only covers you for a specific period, whole life insurance remains in effect for your entire life.
Fixed Premiums: The premiums you pay remain the same throughout the life of the policy.
Cash Value: Part of your premium goes into a savings component known as the cash value, which grows over time at a guaranteed rate. You can borrow against this cash value or withdraw from it, although this can reduce the death benefit.
Death Benefit: The policy pays a death benefit to your beneficiaries upon your death, which is generally tax-free.

Would you like more details on any specific aspect of whole life insurance?

Whole Life

Insurance that reflects the way you live your life.

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