Whole Life Insurance

This form of life insurance will provide a permanent death benefit with a premium amount that never changes. The strongest benefit of whole life insurance is that it guarantees lifelong protection and benefits in return for a fixed premium payment. It also builds a cash value that you can withdraw or borrow against in difficult times.

Whole life insurance gives you the assurance that you and your family are covered during any life occurrence. The policyholder pays a fixed or level premium at regular intervals for the rest of the insured’s life. Policyholders who discontinue paying premiums and terminate their policies are entitled to the scheduled cash surrender value.

Since the premium and the coverage amounts remain unchanged, this insurance option offers long-term stability. Another benefit of whole life insurance is that you are eligible to receive dividends on the value of the policy, and these dividends may be used to increase the cash value and life insurance protection.

Whole life insurance is an ideal choice for those who want:

• A permanent death benefit for their loved ones’ security
• Lifetime insurance over and above employer-supplied coverage/other plans
• Coverage for final needs, such as funeral expenses, estate planning, etc.
• A safety net against mortgages and other long-term financial debt

What is my next step?

Remember, whole life insurance coverage establishes a cash value and can be used while the policyholder is still living. Planning ahead for your needs is important; LifeCentra can assist with all your life insurance needs. Let us help you get started today!