Whole Life Insurance

10 months ago

Insurance Glossary Team

1 minute

Plain English Definition: Whole life insurance is a permanent life insurance policy with lifelong coverage and a cash value component.

What Whole Life Insurance really means for someone with an insurance policy

This policy provides lifetime protection and includes a savings element that grows over time, offering a guaranteed death benefit and potential dividends.

Whole Life Insurance Real World Examples

Providing financial security for loved ones after the policyholder’s death.
Accumulating cash value to borrow against in emergencies.
Leaving a legacy through a guaranteed death benefit.