Whole Life Insurance offers features that many other types of life insurance plans do not. Not all of these are part of every Whole Life Insurance policy, but some of these features are:

  • Coverage that will last your entire lifetime.
  • Cash value accumulation that can be used for personal use by tax free loans.
  • Dividends may accumulate over time (with a Mutual Life Insurance Company)
  • The ability to pay up your entire premiums in a limited number of years.
  • The ability to quit paying premiums and still have a life insurance policy of value.

Whole Life Insurance is full of guarantees which other policies do not have.  These guarantees include the death benefit, the premium you pay for coverage and the cash value inside the policy in any given year.

Other popular features of whole life plans may include dividends which can be paid to you or back into the life insurance policy,  paid up life insurance, additional life insurance by adding inexpensive term life riders. 

Here's how you can learn more about whole life and compare whole life insurance rates online.