Whats Whole Life Insurance at Life

Whats Whole Life Insurance. Whole life insurance is a permanent life insurance policy that guarantees a fixed death benefit for the beneficiaries and a cash value savings component for the policyholder. What is whole life insurance, and how does it work?

The beneficiary you choose receives the money as long as you maintain the terms of your contract until your death. Whole life is a type of permanent life insurance, meaning it's meant to be kept for the rest of your life. Whole life insurance is a type of permanent life insurance that stays active for your entire life.

Psychologists and Counselors Dallas Whole Life

Universal life, indexed universal life, and variable universal life are others. The policy includes a death benefit and cash value; (the other is called “term life.”) like nearly every kind of life insurance, the purpose of whole life is to protect your family financially when you aren’t around. What is whole life insurance?