Whole Life Insurance: Protecting Your Future with Rosier Insurance
What is Whole Life Insurance?
Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured. It offers lifelong coverage, meaning the policy remains in effect as long as premiums are paid. One key feature of whole life insurance is the cash value component, which builds up over time and can be accessed during the policyholder's lifetime. Premiums for whole life insurance are generally higher than those of term life insurance, but they remain level throughout the policy. Upon the insured's passing, a tax-free death benefit is provided to the beneficiaries. Additional benefits of whole life insurance include the potential for policy dividends and the option to borrow against the cash value.