Coverage options
A guide to whole life insurance
Explore the basic structure, potential features, and questions to ask about whole life insurance.
Whole life insurance is generally a form of permanent life insurance. Policy design, guarantees, costs, and any cash-value features vary, so it is important to review an individual policy rather than rely on general descriptions.
Designed for long-term coverage
Whole life is often considered by people who are looking for coverage that is not tied to a selected term. Continued coverage depends on the policy terms and keeping the policy in force.
Understand cash-value language
Some permanent policies may build cash value. Accessing policy values can affect the death benefit, policy performance, or both. Ask for an in-force illustration and a clear explanation of the implications.
Focus on the policy details
Premiums, guarantees, riders, surrender charges, loans, withdrawals, and dividends where applicable deserve careful review. A licensed professional can explain how each may apply.