Whole Life Insurance
Life insurance is a type of insurance that will pay out a sum of money upon the death of the insured.
- Whole life insurance is a form of life insurance that is permanent. The coverage will last for as long as the insured is alive assuming the premiums are paid.
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- Most have level premiums ( The premium amount won't change )
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- Whole Life Policies have what is known as cash value. It is simply a cash savings component in which the policy owner is able to draw or borrow from.
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Other Benefits
- Level Coverage (Premium never increases)
- Benefits is paid