BetterHealthSolutions

WHOLE LIFE

Whole life insurance provides lifelong coverage and a guaranteed death benefit to protect your loved ones after you’re gone. It also includes a cash value component that grows over time, offering potential tax-deferred wealth accumulation. With fixed premiums and lifelong protection, whole life insurance provides stability, peace of mind, and the opportunity to leave a lasting legacy.

Whole LIfe

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called “straight life” or “ordinary life”, is a life insurance policy which is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums are paid, or to the maturity date.[1] As a life insurance policy it represents a contract between the insured and insurer that as long as the contract terms are met, the insurer will pay the death benefit of the policy to the policy’s beneficiaries when the insured dies. Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is 

Scroll to Top