Whole Life Insurance

Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy. Whole life insurance also builds minimum guarantied cash value.

Advantages and disadvantages

There are a number of reasons to consider buying whole life insurance. It's easy to understand. The payments are the same every month. And some whole life policies can be completely paid for after a certain number of years. Because your policy earns a minimum guarantied rate of interest, it's easy to predict the growth of your cash value over time. It is also tax deductible.

Its uniformity means that this type of life insurance isn't very flexible. Meaning, you can not customize it however you like. But, for dependable and predictable life insurance coverage, whole life insurance may be a good option.

Contact us for further details concerning the various plans, options, and quotations.