Whole Life Insurance is a type of permanent life insurance that provides coverage for your entire lifetime, as long as premiums are paid. In addition to providing a death benefit, whole life insurance also builds cash value over time that can be accessed during your lifetime.

Unlike term life insurance, whole life insurance does not expire after a certain number of years.

How Does It Work?

When you purchase a whole life insurance policy:

- You select a coverage amount.

- Your premium is typically fixed and will not increase.

- The policy remains in force for your lifetime.

- A portion of your premium builds cash value.

- Your beneficiaries receive a death benefit when you pass away.