Whole Life Insurance
Whole life is a form of permanent life insurance intended to remain in force for the insured’s lifetime when required premiums are paid and contract conditions are met.
Policy features
Some policies provide a stated death benefit and cash value, and may have level premiums. Features that depend on the exact contract and insurer include:
- Dividends
- Guarantees
- Loans
- Surrender charges
- Cash-value growth
Factors to weigh
- Intended beneficiaries
- The amount of coverage
- Affordability
- Underwriting
- Exclusions
- The difference between guaranteed and non-guaranteed illustrations
Review the details
Review the official policy documents and an individualized illustration with a licensed professional before you decide.
Talk with our team
Review the details with a licensed professional.
Related information
Coverage and eligibility depend on the plan, insurer, state and applicant. This page is general education, not individualized insurance, tax or legal advice.