Quick Facts: 

  • Permanent coverage: A whole life insurance policy lasts the entirety of your life. You don’t have to worry about the policy expiring, or the premiums you paid toward it disappearing.
  • Cash value: Your whole life insurance policy includes a cash value component, allowing you to apply a portion of your premiums toward an account that accrues interest over time, and from which you can borrow against if needed. Each company has different ways of providing this benefit. Reach out to us for more details.
  • Death benefit: This is the set amount of money your whole life insurance policy will pay out to your beneficiaries at the time of your death. You can decide how much you want your death benefit to pay, but the higher you set this benefit, the more your policy will cost.
  • Set premiums: When you buy a whole life insurance policy, your premiums don’t change over time. If you buy this policy when you’re young and healthy, you usually can enjoy lifelong coverage at a lower rate.



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