Whole life insurance: what is it?
Whole life is permanent protection, no matter how or when you die.
- It’s comprehensive coverage you can't outlive and that never expires, as long as your payments are made. No matter how and no matter when you die, your beneficiaries receive a benefit.
- Whole life insurance can be a good choice by itself or combined with other types of coverage. For example, adding term life insurance when your family’s growing can provide a higher level of protection at an important time. Then, when the term policy expires, your whole life policy continues providing lifelong coverage.