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Whole life insurance provides a death benefit paid to the beneficiaries upon the death of the insured within the terms and conditions of the policy.  The premium payments are generally level and are usually guaranteed to remain so for duration of the contract.  Most whole life policies build cash value by the accumulation of interest and dividends in the investment component as well as a portion of the premium being applied to purchase paid up insurance units.  The gains in the policy accumulate on a tax deferred basis. The withdrawals up to the cost basis are ordinarily withdrawn tax free. Loans may be drawn on the funds while the insured is alive.  

Whole life policies are considered to be a form of permanent protection with certain guarantees that make it appealing for estate planning and wealth accumulation.  Providing the premiums are paid on time and the terms and conditions of the policy are met, whole life insurance policy generally provide a guaranteed death benefit not to expire at a guaranteed premium cost with guaranteed dividends payable by the insurance.  

How does a whole life policy build wealth?  Read More>>

The Basics of Whole Life Insurance

Whole Life Insurance

Life Insurance Can

Replace income for dependents

Pay final expenses

Create an inheritance for your heirs

 Pay federal “death” taxes and state “death” taxes

Make significant charitable contributions

Create a source of savings

Cover burial expenses

Family with Baby

 Some of the Carriers We Represent:

Metropolitan Life

ING - Reliastar Life


Prudential Life

John Hancock Life

Mass Mutual Life

Guardian Life

Companion Life

William Penn Life

Genworth Life, etc.  

Middle Aged Couple Working on Home