Whole Life Insurance is insurance for the "Whole" duration of your life. This is the traditional policy format, the kind of policy that builds cash, builds equity, or creates something to be borrowed upon.

Modern Whole Life policies allow the cash values of the policy to accumulate at rates of growth better than the banks provide. Plus, because there are advantages unique to life insurance, the money grows within the policy, is tax deferred and protected from the predations of creditors. The higher growth of the cash values also allows the policy to become "paid up" over a period of time.

One of the major appeals of Whole Life insurance is that it guarantees a minimum death benefit (also known as the face amount), no matter how long you live, as long as premium payments are made. What's more, the premiums you pay contribute to building guaranteed minimum cash value, which can be used in several ways. It can be borrowed against or withdrawn. If you decide to close out the policy, for whatever reason, you can take the accumulated cash or use it to purchase other insurance protection. If left untouched, the cash value will increase each year to the point when it "endows" - becomes payable to you.

It is also possible for certain types of Whole Life insurance to pay dividends to the policy owner.

Please e-mail for more information.