Whole life insurance provides dependable, lifelong, and easy-to-understand insurance coverage. If you were to pass away, this coverage can:
- Help a family maintain their current lifestyle
- Pay college expenses for your children
- Assist your spouse in making the mortgage payment and retiring other debt
- Pay funeral and other final expenses
If guarantees are important, whole life insurance might be right for you.
- Guaranteed amount of death benefit
- Guaranteed cash values
- A level premium that is guaranteed never to increase for life
- Opportunity to earn dividends (does not apply to Value Life Insurance policies)
Value Life Insurance |
Whole Life Insurance |
20 Pay Life Insurance |
Single-Premium Whole Life Insurance | |
| Key Features | Opportunity to own permanent coverage at a very low cost | Coverage that lasts for the life of the insured if premiums are paid | Premium payments are made for 20 years and then stop, however the death benefit is guaranteed for life | One lump sum premium payment is made in return for a guaranteed, paid-up death benefit. |
| Build Cash Value | √ | √ | √ | √ |
| Earns Dividends | √ | √ | √ | |
| Payment Period | For the life of the policy | For the life of the policy | 20 years only | One-time payment |
Call our Insurance Solutions Team at 1-800-965-2547 to learn more about our products and services.