Whole life insurance is a great choice for people who want the security of a policy that never expires coupled with an investment vehicle suitable for reaching / managing financial goals.
What is Whole Life Insurance?
Unlike term life insurance. which expires after a set number of years, whole life insurance is a type of permanent life insurance that lasts as long as your payments are made, and it cannot be revoked because of the discovery of a medical condition. This is reason enough for most people to add whole life insurance to their short list of life insurance options, but the attractiveness of this product goes far beyond its irrevocable nature - whole life assurance comes with a host of other financial benefits as well. Whole life insurance features consistent premiums, also known as level premiums, which do not change over the life of the policy. Because the policy / premium cover death benefits and investments, the cash value of the policy actually grows over time, paying dividends to the owner of the policy. If term life is the base model of life insurance, whole life would be considered the luxury item, with whole life insurance benefits such as collateralized loans and other unique ways to tap into the policy's value as some of the key differences over other life insurance products. With that luxury comes a price tag, and it is true that whole life insurance rates tend to be higher than that of a simpler life insurance product. Just because it can me more expensive doesn't mean you should rule it out - our partners offer a whole life insurance rate quote to you for free, giving you the flexibility to price out your options before committing to a policy. Whole life rates can vary from provider to provider, so we strongly encourage you to use a service like ours to make whole life insurance
comparisons easy and reliable.
Ready for a Whole Life Quote?
There are many things to consider before you get your whole life insurance quote, including which types of whole life insurance are available and which whole life insurance company is best-suited to provide you with your policy over the long-run. Don't worry - we're here to help. We've completed all the research for you, and we offer the best whole life insurance information for you to consider from the lists below. Simply select a topic to read about, or get your free whole life insurance quotes by using the form at the top of this page.
Whole Life Insurance FAQ
Selecting a Whole Life Policy
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