Whole life insurance offers lifetime coverage with benefits you can count on. Unlike term life insurance, it never expires as long as you pay your premiums, and it builds cash value that grows every year—guaranteed.

This type of policy has fixed premiums, a guaranteed death benefit, and guaranteed cash value growth. Some policies also pay dividends, which can be used to increase the policy’s value, reduce premiums, or be taken as cash.

People choose whole life insurance for its stability, predictability, and ability to provide both protection and a financial asset. It’s often used for estate planning, leaving a legacy, or creating a source of funds that can be accessed during your lifetime.

Linda, age 50, wanted to make sure her grandchildren would have financial help for college. She purchased a whole life policy that guaranteed steady growth. Over time, the dividends she earned have helped cover tuition expenses for her granddaughter while still preserving the full death benefit for the future.

Whole life insurance is ideal for anyone who values long-term guarantees and wants a policy that builds value they can rely on.