Whole Life Insurance

Whole life insurance is a type of permanent life insurance that offers lifelong protection, consistent premiums, death benefits, as well as a living cash value. With your whole life insurance policy, you are able to receive dividends to increase the value of your policy or death benefit.

Benefits of Whole Life Insurance

Your whole life insurance policy can come with many benefits, including:

• Lifelong protection that will never depreciate.
• Premiums that will remain constant.
• Tax-free dividends from your policy.
• A cash value that can build value over time, and add value to your policy.
• You can borrow against your cash value if you choose.

How It Works

Through your whole life insurance policy, you can build a tax-deferred cash value that can be added to your death benefit or can be taken out of your account to use. As with other forms of life insurance, to build your cash value and benefits, premiums need to be paid regularly. However, once you purchase your whole life insurance policy, your rates will stay fairly consistent.