What is permanent and whole life insurance?

Permanent life insurance covers you for your whole life as long as you continue to pay your premiums. Whole life insurance is the main type of permanent life insurance you might encounter. This type of coverage often accumulates cash value that may increase the death benefit, or be accessed early by requesting a policy loan or withdrawal.

If the higher premiums are within budget, permanent life insurance can be a good option for those over the age of 65 who are interested in insurance that will accumulate cash value and will not end after a specific term.

We offer a guaranteed issue whole life insurance policy for individuals aged 65-85.