Whole Life Insurance
Lifetime Protection with Cash Value Growth
Whole life insurance provides lifelong coverage and builds cash value over time. It offers a guaranteed death benefit and a savings component that you can access through policy loans or withdrawals.
This type of insurance is ideal for long-term financial planning, legacy creation, and supplementing retirement income.
Benefits
- Lifelong Coverage: Your policy remains in force for your entire life as long as you pay the premiums.
- Guaranteed Death Benefit: Your beneficiaries will receive a guaranteed death benefit, regardless of when you pass away.
- Cash Value Accumulation: Your policy builds cash value over time, which you can borrow against or withdraw.
- Tax Advantages: Cash value grows tax-deferred, and death benefits are generally income tax-free for beneficiaries.
Example
- A young couple purchases a whole life insurance policy to provide for their children and create a legacy. The cash value grows over time, and they can use it for emergencies or to supplement their retirement income.
