Whole Life Insurance

Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured.

In addition to paying a death benefit, whole life insurance also generates cash growth inside the policy.

This normally accrues at a guaranteed fixed rate of 1%-3%.

Most people think of Whole Life when someone mentions life insurance.

This is used for children’s life insurance as well as Funeral Final Expense life insurance.

As the name says it lasts your Whole Life.

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