What Is Whole Life at Life

What Is Whole Life. A whole life policy is a permanent cash value life insurance that offers a death benefit and a cash value component, the latter of which grows and earns interest over time. Whole life insurance policies are one type of permanent life insurance.

Whole life insurance is a form of permanent life insurance, and as the name suggests, provides coverage for your whole life as long as you keep paying the premiums. Whole life insurance is one of two major types of life insurance you can buy. Whole life insurance is the simplest type of permanent life insurance.

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This differs from term life insurance in that term only lasts for a set amount of time, usually ending at a set age. It’s a great way to have lifelong financial protection and a growing cash value over time. This differs from term life insurance in that term only lasts for a set amount of time, usually ending at a set age. Whole life insurance is a type of permanent life insurance.