What is Whole Life Insurance?

Whole life insurance provides coverage for the policyholder’s entire life and guarantees a sum assured to your beneficiaries. It’s a great option if you are taking care of a lot of people in your personal life.

What are the benefits?

A whole life insurance plan doesn’t expire on it’s own, as long as the premium is continued to be paid your coverage will last your entire life.

What are the drawbacks?

The premiums in a whole life policy tend to be higher, since it will cover your entire life and many of these policies will require you to be medically cleared in order to qualify and participate in these plans.

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