Whole life

What Is whole life insurance

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.