Life Insurance Quotes



Whole Life InsuranceWhole Life Insurance

Whole life insurance is permanent life insurance coverage that lasts for your entire life (as long as you continue to make payments). This is unlike term life insurance, which lasts only for a specified amount of time. There are three main types of whole life insurance- traditional, universal and variable.

Cash Value Accumulation

Whole life insurance accumulates cash value, which is a return on a portion of your premiums that the insurance company invests. You can borrow against the cash value of the policy, or you can cash it in. The earnings are tax deferred unless you decide to cash it in. If you borrow against your policy, the life insurance company will charge you interest on the amount you take.

It Costs More

Whole life insurance is much more expensive than term life insurance, and that's because the premiums are level for life and also because you are paying for the "savings account" feature of permanent life insurance.

Why Choose Whole Life?

Many people choose whole life insurance because the premiums are guaranteed for life, with no additional medical exams. Some like the idea of "forced savings" and the accumulation of cash value. Speak with an experienced agent today to find out if whole life is right for you.

Get a free no obligation quote for whole life insurance and compare multiple quotes from the nation's highest rated carriers. Remember that all life insurance carriers have different rates, so it pays to compare.