What is Whole Life Insurance?

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A form of permanent life insurance, whole life insurance features guaranteed premiums, death benefits, and cash value. Whole life insurance policies also give you the potential to receive dividends, which can increase the value of the policy when the insured is living or provide an increased death benefit for your beneficiaries.

 

Reasons to Buy Whole Life

 

• Protection for Life

• Payments that stay the same each year

• The ability to add more money into the policy on a tax-favored basis

• Cash value you can use while you are living

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