Whole Life

09 bigstock-Man-with-a-Bike-on-Beautiful-N-45559084Whole Life insurance is a permanent life policy designed to last for the insured’s lifetime. Premiums are typically level and guaranteed for the life of the policy.  It is a life insurance contract that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.

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