Whole Life Insurance is a life insurance product that provides death benefits throughout the life of the insured.
Whole life insurance is a life insurance product that provides death benefits throughout the life of the insured. This means that when the contract comes into effect, the insurer will have to pay the insurance amount as promised in the contract to the beneficiary if the insured dies.
This insurance offers the following benefits:
- Guaranteed death benefits: As long as you make the required payments, you can rest assured that your beneficiaries will receive death benefits if they die.
- Guaranteed Cash Value: This policy guarantees an increased cash value regardless of market conditions.
- The premium is guaranteed to never change.