What is Whole Life Insurance and How does it work?
Whole life insurance offers coverage for your entire lifetime, as long as premiums are paid. It combines a death benefit with a savings component known as cash value. Part of your premium goes toward building this cash value, which grows at a guaranteed rate and can be borrowed against or used to pay premiums. Premiums are generally higher than term life insurance but remain level throughout your life. Whole life insurance provides lifelong coverage and can offer financial stability and potential growth through the cash value component.
WHOLE LIFE
Best time to buy
Price
AGE 40-70 is usually the age you should be locking in a whole life rate. Now if you clever you can lock one in much in along side a Term Policy. When talk ask us if this would be advisable.
Please Note: This can change due to age. Get this younger in your 20's its less get this over 70 and it can go up a little more.
Death Benefit
Death benefits Typical go to 100,000. If you love the idea of coverage that will last a lifetime but you need a higher death benefit check out our IUL page!