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Whole Life Insurance

Lifetime Protection with Guaranteed Growth

What is Whole Life Insurance?

Whole life insurance is permanent coverage that provides a guaranteed death benefit and a cash value component that grows over time. Premiums are generally fixed, making it predictable for long-term planning.

How It Works:

  • Part of your premium goes into cash value (tax-sheltered), which grows at a guaranteed minimum rate
  • The death benefit is paid to beneficiaries regardless of when you pass away
  • Cash value can be borrowed against or withdrawn (subject to policy rules)

Tips / Things to Watch For:

Premiums are higher than term life due to permanent coverage

Understand loan interest if borrowing against cash value

Cash value growth may be slower than market investments

Monitoring and Adaptation

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FAQs:

Can I borrow against the cash value?

Yes, but loans reduce the death benefit if unpaid.

Are premiums fixed?

Yes, generally fixed for the life of the policy.

Is cash value taxable?

No, growth within the policy is tax-deferred.

Who It's For:

  • Individuals seeking lifetime coverage
  • Those planning for estate transfer or wealth protection
  • People wanting guaranteed cash accumulation

Benefits:

  • Lifetime coverage — you're insured as long as premiums are paid
  • Guaranteed cash value growth
  • Can be used for estate planning or legacy purposes