Whole life insurance is exactly that – “whole life.” From the day you sign up, your coverage lasts as long as you do.
Our Whole Life Insurance is more than just a policy – it’s a lifetime commitment to your financial well-being. No need to worry about renewing policies or losing coverage as you age.
When planning for your future, security and growth are at the top of the wish list. With us, there’ll be no guesswork in your decision. You’ll enjoy peace of mind knowing you have fixed premiums and a guaranteed payout
This isn’t just insurance; it’s an asset that grows with you. Over time, your policy builds a cash value that’s tax-deferred and can be accessed with loans or withdrawals to supplement your retirement income.
Predictable, reliable, and easy on the budget – your premiums are locked in from day one. That means your monthly or annual payment will never increase, no matter how much the world around you changes.
We’re here to ensure your whole life insurance death benefit covers all final expenses, estate taxes, and the legacy you want to leave behind for the benefit of your next generation – no matter when you depart.
You don’t want tax complications getting in your way when you want to leverage the benefits of a whole life insurance. Consult with us to see which facilities are available to you.
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The cost varies based on factors like your gender, age, profession, health history, and many more.
The face amount also indicates how much you’ll have to pay; i.e., the higher the face value, the higher the premium.
To give you some idea, a $500K policy might cost $450 per month on average for a non-smoker, 30-year-old individual in good health.
You’ve to talk to several insurance providers to have a better estimation.
In short, Whole Life Insurance provides lifelong coverage with a savings component and builds cash value over time, but tends to be much more expensive for the same coverage.
On the other hand, Term Life Insurance offers coverage for a specified period (e.g., 10, 20 years) with no cash value and is generally more affordable.
Since a large sum of your cash value is invested in the early years of the whole life insurance policy, the value grows quickly in its early stage.
However, as you age, the cost of insurance increases because the risk of death rises with age. As a result, a larger portion of your premium is allocated to cover the insurance costs rather than the cash value.
Yes, you can since it has a cash value component at a low interest rate. However, remember that unpaid loans reduce the death benefit and cash value.
