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WHOLE LIFE INSURANCE

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Image by Josh Hild

WHOLE LIFE INSURANCE

Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate. Interest accrues at a fixed rate and on a tax-deferred basis.
Benefits Highlights
  • As long as you pay your premiums, your death benefit will never expire.
  • ​Your premium payments will never go up.
  • By remaining level, these premiums may potentially feel much more affordable over the long run.
With Whole Life Insurance you’re building an asset, cash value that builds in your policy tax-deferred, and The cash value, for example, can play a key role in your retirement and financial planning. 
 
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