What is Whole-Life Insurance?
Sometimes called “straight life” or “ordinary life,” Whole-Life Insurance covers the your entire lifetime. It helps those you leave behind to deal with expenses and loss of income by building cash value that grows tax-deferred and can be accessed throughout your lifetime.
Benefits of Whole-Life Insurance
- Premiums and death benefit are fixed
- Funds can be withdrawn or loaned out
- Rate of return is guaranteed