Whole
Life or Common Life
This the most common
type of permanent insurance. It provides you with
the certainty of a guaranteed amount of death
benefit and a guaranteed rate of return on your
cash values. And you'll have a level premium that
is guaranteed to never increase for life.
Another valuable benefit of a
participating whole life insurance policy is the
opportunity to earn dividends. While your policy's
guarantees provide you with a minimum death benefit
and cash value, dividends give you the opportunity
to receive an enhanced death benefit and cash
value growth. Dividends are a way for the company
to share part of its favorable results with policyholders.
When you purchase a participating policy, it is
expected that you will receive dividends after
the second policy year - but they are not guaranteed.
Dividends, if left in the policy, can provide
an offset (and more) to the eroding effects of
inflation on your coverage amount.
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Check
out these other life insurance coverages that
we offer!
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