Whole life insurance pays a fixed death benefit for a fixed premium amount. Unlike term insurance, whole life continues to cover the insured throughout her or his life, provided premiums are paid as specified in the contract. In addition, whole life insurance has a cash value feature that is guaranteed. These cash values are accessible to the certificateholder through loans for emergencies or other financial needs.
Who should consider whole life insurance?
- Individuals who might need both protection and a cash value accumulation
- Couples with families at home who are concerned with providing a source of survivor income for a spouse or minor children
- Individuals who want to be sure their final expenses are covered
- Young adults who wish to establish a financial foundation early in their lives
- Business owners who want the business continued in the event of their death
- Individuals who are concerned about repaying debt
Our whole life insurance products offer:
- Affordable premiums that NEVER increase during the term of the certificate
- A guaranteed death benefit
- Death benefit paid to beneficiaries Income Tax free*
- Guaranteed cash values that grow on a tax-deferred basis
- Additional member benefits available, AT NO ADDITIONAL COST
Choose from:
20-Payment Life Insurance
Graded Death Benefit
Life Insurance Paid-Up at Age 65
Royal Legacy Single Premium Whole Life
Simplified Issue Whole Life
Whole Life Insurance
Whole Life Insurance Comparison Chart
*Under current Federal Tax laws