Whole Life Insurance

It’s a preferred solution to ensure the financial security of our loved ones, adequately meeting your insurance needs, such as bequests to your heirs, estate taxes, your final expenses and your financial obligations. It could also ensure the continuity of your business or protect an investment. Whatever your reason for enrolling, our flexible and guaranteed permanent life insurance will meet your evolving needs and those of your family.

This type of insurance differs from term insurance in that it has additional guaranteed values such as a surrender value and paid-up insurance.

Additionally, this type of life insurance also combines this financial protection with investing. There is a cash value component associated with most whole life coverage. As you pay into a whole life policy over time, part of the monthly premium is invested and generates cash value.

This cash value may be accessed during the policyholder’s lifetime either by withdrawing or borrowing against it. Since the coverage extends to one’s entire life and you retain the value you put into it, whole life insurance typically has higher premiums.