Whole Life Insurance

Whole life is the oldest form of permanent life insurance. Permanent life insurance is any policy that accumulates a tax-advantaged cash value in addition to the death benefit and is designed to stay in force for the lifetime of the insured.


A participating whole life policy also pays a yearly dividend that can enhance the growth of the guaranteed cash value. This type of policy, when structured correctly, can also be used to supplement one’s retirement income. Sometimes referred to as a private pension plan, it can provide years of tax-free income in addition to the life insurance benefit.