Whole Life


Whole Life Insurance is coverage that is designed to last an insured’s entire lifetime with a level premium. So no matter how old the insured becomes the price should never go up and the coverage should not go down.

Whole life insurance accumulates a cash value over time inside the policy that an insured can use while living. If the insured or policy owner uses some of these dollars it is typically taken as a policy loan against the contract and reduces the death benefit at point of the insured’s passing.

These plans have been very popular for final expense or funeral planning and in some instances supplementing retirement income if started early enough. If you are looking for Life Insurance that has a level premium, builds cash value you can use later in life, and lasts your entire lifetime than Whole Life Insurance most likely is your best option.


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