May 28th, 2008

Whole Life Insurance

Posted in Business, Finance, General, Uncategorized

Whole Life Insurance can also be known as Permanent insurance which provides, at minimum, a level death benefit upon the insured’s death, or a cash endowment upon policy maturity that is equal to the death benefit. It can also be termed as permanent, life-long insurance that covers the policy holder until death. Whole life insurance policy allows you to build a source of cash reserves with the payment of regular premium with all taxes deferred. Besides this it can be used as supplementing retirement income.