Whole Life Insurance
Whole life insurance is a form of permanent life insurance, designed to remain in force for the insured’s whole life. Whole life insurance features guaranteed premiums, death benefits, and cash value. Whole life insurance policies also give you the potential to receive dividends, which can increase the value of the policy when the insured is living or provide an increased death benefit for your beneficiaries.
Whole Life Insurance is a form of permanent life insurance that provides lifetime protection for as long as the premiums are paid. In some cases, whole life policies are designed to mature at age 100, which is the age when premium payments would end and the cash value would equal the face amount of the policy. At maturity, the face amount of the policy would be paid to an insured person who is still living.