Whole Life Insurance
Whole life insurance is a permanent type of policy that has a leveled payment structure for life. Premium payments will remain the same, never increasing. These policies have a “cash value,” with guaranteed growth that is typically better than most traditional banking products like an interest checking, savings, and certificate of deposits. A whole life policy does cost more than a term life policy, but it provides other advantages, living benefits.
Typically, purchased to protect a family's quality of life and used for a multitude of planning needs. Leveraging its cash value and guaranteed growth to provide living benefits
