A Whole Life insurance policy is designed to provide insurance protection for your entire life, with built-in savings elements, provided premiums are paid as specified in the policy. There are two major types of whole life: Participating and Non-Participating.
Whole life insurance is a good option for all stages in life. You choose the payment period, you are insured for your entire life and the policy may also provide surrender values.
Nothing can replace the loss of a loved one. But it’s comforting to know that your loved ones will have the necessary financial support to help them carry on, no matter what. Whole life insurance protects your loved ones’ financial security for their entire lives.
Insurance coverage is also a precious gift to give to your children. By subscribing to coverage at a low price because of their youth, you guarantee them coverage that they can adapt to their needs as they get older.
Your business is your life’s investment, so you want to protect it. To guarantee its continuity, either by financing the purchase of a partner’s shares or giving your heirs the necessary time and assistance to find the right buyer, whole life insurance helps to avoid unpleasant surprises and helps keep your business prosperous.