What is whole life insurance?
 

Whole life insurance provides permanent coverage for your entire lifetime and includes guaranteed cash value that grows at a stable, predictable rate.
 

How does the cash value work?
 

A portion of your premium builds cash value inside the policy. You can typically access this value through policy loans, which are generally income-tax-free as long as the policy stays in force.
 

Can I pay it off in 10, 20, or 30 years?
 

Yes. Many whole life policies offer limited-pay options, allowing you to finish paying premiums in 10, 20, or 30 years (or to age 65) while keeping lifetime coverage.
 

Who is it best for?
 

Whole life is ideal for people who want lifelong coverage, predictable premiums, and guaranteed cash value — especially those who value long-term stability for their family.
 

How is it different from term life?
 

Term life lasts for a set number of years and does not build cash value. Whole life lasts forever, builds guaranteed value over time, and can be paid up early depending on the policy design.