Whole Life Insurance

Whole life insurance is one form of permanent insurance.  Unlike term insurance, Whole life coverage focuses on long-term protection and does not have an expiration period.   

A tremendous advantage of Whole life insurance is that it builds cash value.  If structured properly, this accumulated cash value can be borrowed by the policyholder while they are alive.  A whole life insurance policy’s cash value, which accumulates on a tax-deferred basis, can provide an important financial safety net should you need it. Cash can be borrowed from the policy for any purpose, such as supplemental retirement income, education funding, business expenses or emergencies.

A whole life policy can be a good choice if you want the security of lifelong insurance without having to worry about increasing premium payments as you get older.

Whole life insurance is the only life insurance that offers a guaranteed death benefit, guaranteed cash value and guaranteed premiums that will never increase as long as the premiums are paid.

Whole life plans can be Participating or Non-Participating.  Non-Participating Whole life plans are not eligible to receive any dividends.  Whereas, Participating plans are eligible to receive dividends and share in any surplus profits experienced by the issuing insurance company.

Although Whole life insurance is more expensive than Term insurance, it is a very unique product in that it can meet a variety of protection needs. 

Life, Health and Annuity Licensed in Alabama, Arizona, California (CA License #0G45450), District of Columbia, Florida, Georgia, Louisiana, Maryland, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina,
Tennessee, Texas, Virginia and Washington