Whole life insurance is a type of life insurance policy that guarantees you lifetime life insurance protection as long as you pay your life insurance premiums on time.
Whole life insurance provides life insurance in return for premium payments paid to the insurance company by the owner of the life insurance policy. Upon the death of the insured person, a death benefit will be paid to the beneficiary of the life insurance policy, subject to any exclusions which may apply to the policy.
Whole life insurance provides the following:
1. Lifetime life insurance protection.
2. Guaranteed level rates for the life of your policy.
3. Builds up cash value inside the life insurance policy from which you may take a loan.
Here's how you can learn more and compare whole life insurance rates online from several of the leading life insurance companies.
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