Whole life insurance is a type of permanent life insurance designed to provide lifetime coverage along with a guaranteed death benefit. Unlike term life insurance, which lasts for a specific period, whole life insurance remains in force as long as required premiums are paid. In addition to lifelong protection, whole life insurance includes a cash value component that grows over time.
Whole life insurance is often used for long-term financial planning, estate planning, and situations where permanent coverage is needed. This section explains how whole life insurance works, its core features, costs, benefits, and when it may or may not be an appropriate choice.
Articles in This Section
- What Whole Life Insurance Is and How It Works
- How Whole Life Insurance Differs From Term Life Insurance
- Guaranteed Death Benefits in Whole Life Insurance
- Cash Value in Whole Life Insurance Explained
- How Whole Life Insurance Premiums Are Structured
- Fixed Premiums vs Flexible Premium Life Insurance
- Dividends in Participating Whole Life Policies
- How Cash Value Growth Works Over Time
- Borrowing Against Whole Life Insurance Cash Value
- Withdrawals vs Loans From Whole Life Insurance
- Whole Life Insurance Riders Explained
- Whole Life Insurance for Estate Planning
- Tax Treatment of Whole Life Insurance
- Using Whole Life Insurance for Final Expenses
- Whole Life Insurance for High-Net-Worth Individuals
- Whole Life Insurance vs Universal Life Insurance
- Advantages and Disadvantages of Whole Life Insurance
- When Whole Life Insurance May Not Be the Right Choice
- Replacing or Surrendering a Whole Life Insurance Policy
- Common Misconceptions About Whole Life Insurance
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