What is Whole Life Insurance?
Whole life insurance is a comprehensive, lifelong coverage that not only provides a death benefit but also accumulates cash value over time. In other words, it helps your loved ones out with cash when you're gone while building up some cash during your lifetime.
Unlike a term insurance policy that only lasts for a specific period, you'll have whole life insurance as long as you pay the premiums.
It offers a dual advantage: serving as a financial safety net for your loved ones while also building cash value that you can access or borrow against in the future. With whole life insurance, you have guaranteed premiums and a guaranteed death benefit. It's a stable, lifelong protection and a valuable asset for your financial portfolio.