Final Expense

What is whole life

Whole life insurance is a type of permanent life insurance. It typically has a fixed monthly premium and a leveled death benefit, both staying in effect for the rest of your life as long as premium is paid. A  growing cash value feature is also part of a whole life policy. This is a good product for individuals that are concerned about  debts they may still have  or to leave a little extra for there loved ones in the event of there passing in their later years. Others feel more comfortable having permanent protection that never goes away. These policies are typically more expensive then other types of policies.