Whole Life Insurance

What is Whole Life Insurance?

Whole Life Insurance is a policy which is guaranteed to remain in force for the lifetime of the insured provided the premiums are paid, or to the maturity date. The insurance component pays a predetermined amount when the insured individual dies. The policy builds an accumulated cash value the insured individual can borrow against or withdraw. This is the most basic type of cash-value life insurance.

Whole Life Insurance Features

Whole Life Insurance features are as follows:

  • Joint and Survivor Policies
  • Family Income Policies
  • Modified Whole Life Policies
  • Graded Premium Whole Life Policies
  • Vanishing Premium Policies
  • Single Premium Life Policies
  • Credit Life Policies

Why Buy Whole Life Insurance?

  • To Provide Income for the Survivors
  • Liquidate Debts or Mortgages
  • College Expenses
  • Cash for Funeral Estate Inheritance, Funeral Expenses and Administration Costs
  • Provide Funds for the Continuation of a Business
  • Fund Charitable Events
  • Etc.

Whole Life Variables and Considerations:

Pros

Lifelong Coverage
Fixed Premiums
Cash Value
Forced Savings
Flexible Options
Dividends
Tax Deferrals
Certain Death Benefits

Cons

Initial Premiums More Expensive
Low Initial Returns
Unfavorable Early Termination
Investment Uncertainty
More Complexity
Long-Term Horizon

Why Convert your Term Life Insurance to Whole Life Insurance?

  • Your Financial Circumstances Improve
  • Your Health Changes
  • Your Life Insurance Needs Change

How Can American Integrity Insurance Solutions Help You with a Whole Life Insurance Quote?

American Integrity Insurance Solutions is an independent insurance consulting agency that partners with dozens of carriers to provide people with unbiased advice on a variety of insurance products.

Our team is readily available to craft a policy that custom fits to your needs. We promise to not only provide a policy fulfilling your specific needs, but also to help you understand how and what it protects you against.

Get a Free Quote Today

Made with Integrity