Whole life is the most common type of permanent life insurance in
which your premium payments remain the same over the life of the
policy. You can choose how often you’d like to make premium
payments, too – annually, semiannually, quarterly or monthly.
Some whole life policies can be paid up after a certain number of
years. When you purchase a policy, you’ll know how the cash value
will grow over the life of your policy.
Whole life insurance policies also give you the potential to receive
dividends, which can increase the value of the policy when the
insured is living or provide an increased death benefit for your beneficiaries.1
- Protection for life1
- Payments that stay the same each year
- To be able to put additional money into the policy on a tax favored
- Cash value you can use while you are living2
1 DIVIDENDS ARE NOT GUARANTEED. GUARANTEES APPLY TO WHOLE LIFE’S GUARANTEED DEATH BENEFIT, CASH VALUE AND PREMIUMS AND ARE SUBJECT TO PRODUCT TERMS, eXCLUSIONS AND LIMITATIONS AND THE CLAIMS-PAYING ABILITY AND FINANCIAL STRENGTH OF THE ISSUING INSURANCE COMPANY. REQUEST A SPECIMEN POLICY FOR ADDITIONAL DETAILS.
2 LOANS AND WITHDRAWALS WILL DECREASE THE CASH VALUE AND DEATH BENEFIT.