fbpx

Whole Life Insurance

Whole Life Insurance

Whole life insurance (permanent life insurance) is the oldest form of life insurance. Whole life insurance has been around for approximately 30 years. If a person lives to age 100 and he or she has a whole life insurance insurance policy, the whole life policy matures. Instead of their beneficiary(ies) receiving the death benefit, ??the individual will receive the face amount.

Whole life insurance has many advantages over term and universal life insurance. ??Whole life has a constant payment ??(Premiums / payments never change). The amount of coverage never changes. Cash Value builds faster than Universal Life Insurance. It can end up costing less than term or universal life insurance if one lives longer than electing to get term universal life insurance and having to restructure your term policy(ies) numerous times in your life. In some cases people that get term end up not being able to get another cheap term policy due to health reasons. Their cost of life insurance then increases so much that the cost is much greater than either a universal life insurance or a whole life insurance policy.

Apply online for a Whole life Insurance quote today!

Apply Now for Life Insurance??

What it does

What it doesn’t do

Play Video
CHAT