Permanent coverage structure
Review how long the policy is designed to provide coverage and what you must do to keep it in force.
Permanent life insurance options
Consider a longer-term approach to coverage.
Learn about whole life insurance and the policy details that can shape long-term coverage and costs.
Life insurance
Understanding whole life insurance
Whole life insurance is a form of permanent life insurance. A policy may provide coverage intended to remain in force over a lifetime when its requirements are met. Premium structure, cash value features, access, charges and other conditions depend on the specific contract.
Coverage and any cash value are governed by the actual policy, underwriting, exclusions and limitations. Product availability varies by state. This information is general and is not a policy offer or financial advice.
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Policy features to understand
Potential cash value
Some whole life policies build cash value under contract terms. Growth, charges and access rules vary; ask for a full explanation before deciding.
Premium and payment details
Understand the planned payment schedule, costs and consequences of missed or changed payments for the policy you are reviewing.
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Who may consider whole life?
It may be worth exploring if you are comparing permanent coverage and are ready to review its long-term cost and contract terms.
- People seeking to compare permanent and term life structures.
- Individuals with long-range coverage priorities who want to understand ongoing policy requirements.
- Those willing to review fees, cash value terms and policy limitations in detail.
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Common questions about whole life
How is whole life different from term life?
Whole life is designed as permanent coverage subject to policy requirements, while term life covers a defined period. Cost structures, duration, cash value provisions and flexibility differ, so compare the actual contracts and your needs.
Can I access a policy's cash value?
Some policies permit loans or withdrawals under stated terms. Access can reduce policy value or benefits and may have tax consequences; charges and rules vary. Review the contract and consult an appropriate professional before acting.
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Understand the details before choosing.
Talk with a licensed professional about how a policy is structured and whether it fits your needs and budget.