Whole Life Insurance provides lifetime coverage with a guaranteed death benefit and a cash value component that grows over time. As long as premiums are paid, your beneficiaries will receive the benefit regardless of when you pass away.

A portion of your premium goes into a savings-like account called the cash value. This value grows tax-deferred and can be borrowed against or withdrawn for needs like emergencies, college tuition, or retirement.

It depends on your goals. Whole Life offers lifelong coverage and builds cash value, making it ideal for long-term planning. Term Life is more affordable upfront but only covers a specific period and has no cash value.

Yes. The cash value in a Whole Life policy can serve as a supplemental source of retirement income. You can borrow against it or withdraw funds, offering added financial flexibility in retirement.