Whole Life Insurance Policy at Life

Whole Life Insurance Policy. Each policy has advantages and disadvantages. Life auto home health business renter disability commercial auto long term care annuity.

It means that there is no fixed term under whole life insurance. It’s called whole life insurance because it covers you for your whole life. Whole of life insurance (also known as whole life assurance) is a policy that covers you for life.

Infographic Life insurance facts

Universal life, indexed universal life, and variable universal life are others. A whole life policy is a type of life insurance that provides guaranteed death benefits during the entire life of the policyholder. It means that there is no fixed term under whole life insurance. Whole life policies provide cash value that is guaranteed to increase each and every year, as long as premiums are paid.