What is Whole Life Insurance?
Whole life insurance is a life insurance policy guaranteed to remain in force for the insured's entire lifetime provided required premiums are paid or to the maturity date.
Premiums are fixed, based on the age of issue, and usually do not increase with age.
The insured party normally pays premiums until death, except for limited pay policies which may be paid-up in 10 years, 20 years, or at age 65.
What are Some Common Uses of Whole Life Insurance?
Personal and family uses
Individuals may find whole life attractive because it offers coverage for an indeterminate length of time. It is the dominant choice for insuring so-called "permanent" insurance needs, including:
Businesses may also have legitimate and compelling needs, including funding of:
Contact us to learn more about the right life insurance for you.
Contact Us About