Live life with a sense of Protection

Whole Life or also known as "straight life" or "ordinary life", is a type of life insurance guaranteed to remain in force for the duration of the clients life as long as the policy premiums are paid or to the maturity date. Whole life premiums are fixed, based on the age of issue, and usually do not increase with age. The insured party normally pays premiums until death, except for limited pay policies which may be paid up in 10 years, 20 years, or at age 65. Whole life insurance carries with it a cash surrender value once the policy is in force, usually more than 12 months. Each year the policy is in force, the cash value will increase if surrendered early. Whole life insurance has a cash savings component, which the policy owner can draw or borrow from. The cash value of a whole life policy typically earns a fixed rate of interest. Outstanding loan principal and interest reduce death benefits.

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