Whole Life Insurance

What is it? As its name implies, this policy type provides coverage for your entire life. People you name as beneficiaries collect a death benefit if you die while covered. Unlike term insurance, whole life insurance uses part of your premium payments to build up savings over time.

Added By: Caden

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We hope you now understand the meaning of Whole Life Insurance. If you need any more information on this term, please don't hesitate to contact us.