What it is:
Whole life insurance is a permanent type of insurance that provides a death benefit for your WHOLE life. It is a guaranteed contract with tax-free growth and ready access to cash values.
Premiums depend on age, health and risk factors of the insured at the time the policy is issued and can be designed to remain fixed, decrease or even stop during the life of the insured.
Who is it for:
For those who want to leave a financial legacy, build guaranteed tax-free growth and have access to their money