WHOLE LIFE INSURANCE

Whole life insurance is a permanent life plan that provides coverage throughout your entire life. The premiums tend to cost more than a term plan would, but getting this insurance plan may be beneficial in the long run.

BENEFITS

Many people prefer whole life insurance because it is permanent and offers a cash value. Buyers are also drawn to the policy's predictability, since premiums and death benefits don't change. Whole life insurance also offers tax benefits in that the cash value in a policy grows tax-deferred.