Whole Life Insurance Explained at Life

Whole Life Insurance Explained. Some mutual insurance companies pay dividends to their whole life policy holders as well. It does not expire as term life insurance does.

Whole life insurance explained as the name suggests, whole life insurance lasts for the insured’s lifetime. Here's what you need to know. A portion of your premiums goes toward the cost of the insurance, and the remainder is.

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The coronavirus pandemic could affect your income protection policy. Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for level, regularly due premium payments. The beneficiary you choose receives the money as long as you maintain the terms of your contract until your death. Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time.