Whole Life Insurance
Life insurance policies are designed to fit a variety of individual needs and circumstances. Below, you’ll find information about whole life insurance.
Whole Life Insurance
Whole life insurance is like term insurance, but you purchase a policy that covers your whole life, not just a specified amount of time. Premiums never spike or drop throughout the life of your policy, and the insurance company will invest a portion of your premiums back into your policy. Some insurance firms share investment proceeds with their policyholders by giving them a dividend. A lot of companies offer policyholders a relatively low guaranteed rate of return but still pay at a rate that’s in excess of the guarantee.
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