Life
Whole Life Insurance
Permanent life insurance that lasts your entire life and builds cash value.
What it actually means
Whole life insurance never expires as long as premiums are paid, and part of each payment builds a cash value you can borrow against or withdraw from. It costs significantly more than term life for the same death benefit, which is the trade-off for permanence and the savings component.
Example: A $500,000 whole life policy might cost 10–15x more in premium than an equivalent term policy.
See it in context
Run the free Insurance Coverage Blueprint to see how whole life insurance and terms like it apply to your specific situation — no signup required.