Benefits Lesson

Whole Life Insurance

A whole life insurance policy is designed to cover the insured's entire life. As long as you pay the premiums the policy will be in force up until you pass away, or the policy matures, usually at age 95-120. This policy can build cash value that the policyowner may access via loan or surrender.

Lesson Script

What This Video Covers

A whole life insurance policy is designed to cover the insured's entire life. As long as you pay the premiums the policy will be in force up until you pass away, or the policy matures, usually at age 95-120.

This policy can build cash value that the policyowner may access via loan or surrender.

Insurance Terms to Know

Beneficiary

A beneficiary is a person or entity designated to receive policy benefits, such as life insurance proceeds.