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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.  
  • Most have level premiums ( The premium amount won't change ) 
  • 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