Whole Life Insurance
Life insurance is one of the most important ways you can protect your loved one’s financial future and leave a tax-free legacy
Additional features of Whole Life Insurance
- Guaranteed premiums that remain level throughout the life of the policy.
- Participating Whole Life Insurance policies earn dividends from the insurance company. This type of policy is usually more expensive than Non-Participating Whole Life Insurance.
- Guaranteed cash value – unlike Term Life Insurance, some of the money you pay in premiums accumulates as guaranteed cash value. If you surrender the policy, this cash value would be available to you. In addition, with some policies you are able to borrow against the cash value, but any amount that you haven’t repaid when you pass away reduces the death benefit.
