What Is Whole Life Insurance?

Features

• guaranteed* level death benefit, so long as premiums are paid
• fixed, level premiums
• guaranteed* cash values
• may have policy dividends
• best suited to satisfy the longer-term
• needs of policyowners who desire guarantees*

Advantages

• Guaranteed* lifetime insurance protection, so long as the policy is kept in force.
• Fixed premiums can help create the “savings habit.”
• Cash values are guaranteed*, so long as the policy is kept in force.
• May have policy dividends that can be used to reduce premiums or increase cash values and death benefits.

Disadvantages

• No premium flexibility.
• Guaranteed* cash value growth may be less than could be achieved through one of the other types of cash value life insurance.
• Death benefit may not keep pace with inflation.