Whole Term Life Insurance at Life

Whole Term Life Insurance. The benefits of lifetime coverage, and over time the guaranteed cash value and the eligibility to earn dividends, makes whole life a good choice for building an additional asset class and for providing for lifetime needs. Term life insurance promises to pay a death benefit for a limited timeframe called a term.

Term life insurance is generally less expensive because it lasts for a limited time period and has no cash value. Whole life insurance helps your family prepare for the unexpected. Because there’s no fixed term, your insurance will never expire until you die.

Instant Life Insurance Quotes Term Life Insurance for Males

There are a couple of reasons for that, but mostly it’s. The guaranteed death benefit can help replace a family's loss of income, help with mortgage costs, or educational needs — or to leave a legacy for the next generation. Features include level premiums and guaranteed death benefits. Whole life insurance has a higher initial premium than an equal amount of term insurance, but don't confuse cost with value.