Whole life is a permanent type of life insurance that provides a lump-sum tax-free payment to named beneficiaries on the death of the life insured.

This type of policy provides protection to your loved ones and builds wealth by accumulating tax-advantaged, guaranteed, policy cash values. Coverage is in place for life. As long as your premiums are paid, your beneficiary will receive the benefit amount upon your death. You may want this policy for specific estate and tax planning needs, wealth transfer or gifting to the next generation.