With the process of insurance being confusing enough already, and the many many options available everywhere I looked, I didn’t know what to do. Thank you so much for helping me choose the right kind of insurance for me and my family.
Whole Life Insurance, also known as Whole Life Assurance, is one that remains in force throughout the insured person’s life, with premiums that are required to pay every year. What really makes them profitable for the insured is that they offer ‘cash value’ that is more beneficial of all.
The features of a whole life insurance are:
» It covers the policyholder throughout the life span.
» There is no end date or expiry.
» There is a death benefit paid to the beneficiaries.
» Moreover, it has a cash value.
