Whole Life Insurance is a type of policy that lasts for the entirety of the policyholder’s life. This consistency is very beneficial to its policyholders, as the premium amounts do not increase as time goes on. Essentially, if you purchase this policy, you “overpay” in the early years, so taht your payment amounts are covered as the policy matures.
Additionally, these policies may be cashed out on a tax-free basis and you may be eligible to take advantage in the profits of the insurance company by obtaining a “participating” component Whole Life policy. We can help you today if you are considering a Whole Life Insurance policy, and we will always help you get the most competitive rates.