Whole life
insurance is a form of cash value life insurance that covers an
insured for their entire lifetime, assuming all premiums are paid as
specified in the whole life insurance policy. Whole life
insurance also builds cash value that the policyholder can redeem or
borrow against as well pays off a stated amount upon the death of
the insured. Whole life insurance is considered a permanent
life insurance policy because it does not expire and is guaranteed
to pay out. Compare to
Term Life Insurance. Whole life insurance is
considered maximum coverage, it is also more expensive than term
life insurance, but premiums although high are level, and include
the cost of term insurance plus a savings component. It is the
oldest type of cash value life insurance that combines protection
against premature death with a savings account. Compare whole
life insurance quotes and save, today!
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