What is Whole Life Insurance?

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life. As long as premiums are paid, your beneficiary will receive a guaranteed, tax-free payout when you pass away.

 

Key Benefits:

• Lifelong coverage: Your policy stays active for life.

• Guaranteed premiums: Your payments stay the same throughout the policy.

• Affordable when purchased young: Buying coverage earlier means lower rates.

 

Why Choose Whole Life Insurance?

Protect Your Family:

• During your working years, the payout can replace your income to support your loved ones.

• In retirement, it can be used to:

  • Leave a tax-free inheritance.

  • Pay for your children’s education.

  • Cover funeral expenses or estate taxes.

  • Fund future premiums.

 

Start Early for Children or Grandchildren:

• Secure permanent coverage while rates are low.

• Protect their insurability regardless of future health or career changes.

• Pay off the policy in as little as 20 years.

• Build a cash value that can help fund their education or future needs.

 

Build Wealth with Cash Value

Whole life insurance also helps you save for the future. Part of your premium is invested, creating a cash value that grows over time.

 

How Can You Use the Cash Value?

• Supplement your retirement income.

• Cover unexpected expenses.

• Borrow or withdraw funds for any purpose, subject to policy rules.

 

The cash value is a versatile feature that enhances the value of your whole life policy.

 

A Lifelong Legacy

Whole life insurance offers more than just financial protection—it’s a tool to build wealth, provide security for your loved ones, and leave a lasting legacy.