Get Whole Life Insurance and Protect Your Family for Life.
Discover life insurance options tailored to your needs, family protection, and future planning. Pricing may vary.
Whole Life Insurance
Whole life insurance is long-term protection that not only supports your loved ones financially but also builds value over time. It provides lifelong coverage, meaning it doesn’t expire as long as you keep up with your payments. If something happens to you, your family receives a tax-free payout they can use to cover everyday expenses, stay in their home, pay off debts, or invest in future plans like education. In addition, whole life insurance grows a cash value that you can access while you’re still living—offering added flexibility for things like emergencies or financial goals. It’s a dependable way to protect your family and build financial security for the future.
Lifetime Coverage
Whole life insurance provides lifelong protection, ensuring your family remains financially secure, no matter when they need it most, offering stability and peace of mind.
Guaranteed Payout
Your family receives a guaranteed, tax-free payout, helping them cover essential expenses like debts, funeral costs, daily needs, and future plans, without added financial stress.
Growing Financial Asset
Whole life insurance builds cash value over time, offering lifelong protection, a growing asset, and long-term financial security for you and your loved ones, even in emergencies.
Feature | Term Life Insurance | Whole Life Insurance | Indexed Universal Life (IUL) |
|---|---|---|---|
Duration | Fixed-Term Coverage | Lifetime coverage as long as premiums are paid. | Lifetime coverage as long as premiums are paid. |
Ideal for | People who want to make sure their loved ones are protected until major responsibilities are handled. | Those interested in permanent insurance that also helps build wealth for the future. | Individuals seeking lifelong coverage with investment potential linked to market performance. |
Cost | Typically the least expensive option in the short term. | More expensive than term life due to lifetime coverage and cash value accumulation. | Can be expensive due to lifetime coverage and market-linked growth, but flexibility allows for adjusting premiums. |
Premiums | Generally lower than permanent policies. Fixed premiums. | Higher than term insurance, but fixed premiums. | Flexible premiums; can adjust over time. |
Death Benefit | Pays a death benefit only if the insured dies within the term period. | Pays a death benefit whenever the insured passes, regardless of age. | Pays a death benefit whenever the insured passes, with potential to increase based on policy performance. |
Flexibility | Low flexibility; once the term ends, coverage stops unless renewed. | No flexibility; premiums and death benefits are fixed. | High flexibility; can adjust death benefit, premiums, and cash value allocation. |
Cash Value | No cash value accumulation. | Builds cash value over time, grows at a guaranteed rate. | Cash value accumulation tied to stock market index. |
Policy Loans | No loans are available since there’s no cash value. | Loans can be taken against the policy’s cash value. | Loans can be taken against the policy’s cash value, which may be subject to interest and market performance. |
No flexibility after the term ends. | Policy Flexibility Over Time | No flexibility after the policy is in force. | High flexibility; the policyholder can adjust coverage and premiums as needed. |
Elisa Mroz
Life Insurance Specialist
Let’s connect and discuss some alternatives to protect you and your family from financial difficulties.
