Whole Life insurance provides protection for your loved ones for as long as you live and continue to pay the premiums. This kind of insurance does more than just pay a lump sum in case of death; it also doubles as a valuable investment tool for many families.

Whole Life insurance has a “cash value,” a tax-deferred lump sum that grows over the years as you pay your premiums. As this cash value accumulates, it can be used in several ways: You can borrow against it in case of emergency, you can use it to pay your premiums, or you can use the accumulated cash value as a retirement income supplement. Should you cancel the policy, you will receive the cash value as a lump sum, which in some cases, can be tax-free.

Whole Life is the most common type of life insurance sold, making it the gold standard for the insurance industry. It offers policyholders:

• The permanent protection of a life insurance policy
• Death benefits with cash value accumulations
• A constant face amount with fixed premium amounts until the maturity date (age 100)
• A one-time health qualification upon establishing the policy
• Limited pay and single premium payment options available

Our licensed insurance agents are available to help you explore all your life insurance options. We work with only A or better rated companies that offer excellent plans to fit every family’s needs and budget.