Whole Life Insurance
Whole life insurance pays your beneficiaries in the event of your death, and also offers you a separate savings component that may be available to you while you are alive. Whole life insurance lasts your entire life or for as long as you continue to make payments.
What is Whole Life Insurance?
Cash value, level premium policies.
It also builds cash value over time and in most cases can be withdrawn during your lifetime.
Whole Life Insurance
Whole life insurance pays your beneficiaries in the event of your death, and also offers you a separate savings component that may be available to you while you are alive. Whole life insurance lasts your entire life or for as long as you continue to make payments.
What is Whole Life Insurance?
Cash value, level premium policies
It also builds cash value over time and in most cases can be withdrawn during your lifetime
Is Whole Life Insurance right for me?
Cash value that accumulates on a tax deferred basis.
If you have dependents, like children or elderly parents, then this type of coverage could be an important part of your overall financial plan.
You may also choose to purchase a policy that allows you to borrow against the cash value of your policy. This can be used as a way to help offset any costs associated with an illness or injury.
