Life Insurance Vs. Whole Life Insurance
Life Insurance pays out a sum of money either on the death of the insured person or after a set period. Whole Life Insurance guarantees payment of a death benefit to beneficiaries in exchange for level, regularly-due premium payments. The policy includes a saving portion, called the “cash value” alongside the death benefit. In the savings component, interests may accumulate on a tax-deferred basis.
Protection for family legacy is important
Leverage your policy to build wealth.