6 Reasons to Get “Whole Life” Insurance Policy TODAY

You’ve heard of life insurance, but how about “whole life” insurance policies?  While planning for the future is important to us all, sometimes, we need a little extra. In some cases, the typical life insurance policies are simply lacking.  If you’re looking for unique benefits, flexibilities, and capabilities with your policy, your whole life may be the way to go. Let’s cover some of the most important aspects of such a plan and why they may be right for you. What is a Whole Life Policy? Also called ‘permanent life insurance,’ a whole life policy differs from term life insurance in one critical way. It covers for the whole life! That is, as long as you keep paying your premiums. And when you pass, your beneficiaries also enjoy the death benefit. With whole life policies, holders enjoy various key features that can go a loooong way.  Let’s break them down in detail…  1. Cash Value Accumulation Who doesn’t want some extra cash for the future? Unique to whole-life policies, you send a portion of every monthly premium you pay into a savings account. This is called the cash value and will accumulate over time at a guaranteed rate. The best...