Lifelong Protection with Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides lifetime coverage and a cash value component.

The cash value grows at a guaranteed rate and may also receive dividends, depending on the policy.

Yes, you can borrow against or withdraw from the cash value, though loans must be repaid to maintain the full death benefit.

Yes, whole life insurance premiums remain fixed throughout the life of the policy.

The policy may use the cash value to cover the premium, but it’s crucial to monitor the cash value to prevent a policy lapse.

Yes, the death benefit is generally paid out tax-free, and the cash value grows on a tax-deferred basis.

Dividends are a return of surplus that may be paid to policyholders of participating policies, which can be used in various ways.

Typically, whole life policies offer a fixed death benefit, but additional coverage can sometimes be purchased.

Whole life insurance offers lifetime coverage with a cash value component, while term life insurance provides coverage for a specified period without cash value.

Contact us to schedule a consultation with one of our advisors, who will guide you through the process.