Whole Life Insurance
Whole life insurance provides financial protection for your entire lifetime or up to age 100. Premiums remain constant for as long as you keep the policy, and a portion of each payment accumulates cash value in the early years【415146479434174†L194-L200】. This cash value grows tax‑deferred and can be borrowed against or surrendered if you need funds during your lifetime.
Because whole life coverage is permanent and builds savings, the premiums are generally higher than term life in the early years【415146479434174†L194-L200】. Over time, however, the level premium and potential cash value growth may make whole life a suitable option for those seeking lifelong protection and a guaranteed death benefit.
Availability, riders and performance of the cash value vary by insurer and market conditions. Quotes are estimates based on limited information; final premiums are determined by the insurer after underwriting.