Whole Life Insurance Quote

Get a whole life insurance quote with lifetime coverage and guaranteed cash value. We compare policies from top-rated carriers to find the right fit for your long-term financial plan.

Whole life insurance provides coverage for your entire life, not just a set term. Premiums never increase. Part of each payment builds cash value that grows tax-deferred over time. You can borrow against it or withdraw it during your lifetime.

It's protection and savings combined in one guaranteed product.

How Whole Life Insurance Works

You pay a fixed premium for life. That premium is higher than term insurance because it does two things: it provides a death benefit, and it builds cash value.

Part of your premium covers the insurance cost (the death benefit). Part goes into a cash value account that grows at a guaranteed rate. With participating policies from mutual companies, you may also receive dividends that can further increase cash value.

When you die, your beneficiary receives the death benefit tax-free. During your lifetime, you can access the cash value through policy loans or withdrawals. Loans accrue interest but don't require credit checks or applications. It's your money.

Term vs. Whole Life: Understanding the Difference

Term life is cheaper. It provides pure death benefit protection for a specific period. If you outlive the term, the policy ends, and you receive nothing.

Whole life costs more but provides permanent coverage and builds value. The premium is fixed for life, which can be valuable as you age and term insurance becomes expensive or unavailable.

Neither is universally better. Term makes sense when you need maximum coverage on a budget. Whole life makes sense when you want permanent protection with a guaranteed savings component.

Many people have both: a large term policy for temporary needs and a smaller whole life policy for permanent protection and cash accumulation.

Who Benefits from Whole Life Insurance?

• People who want permanent coverage guaranteed for life - The policy never expires as long as you pay premiums.

• Those looking for tax-advantaged savings - Cash value grows tax-deferred. Loans aren't taxable income.

• Business owners funding buy-sell agreements - Guaranteed death benefits at known costs.

• Parents leaving an inheritance - Guaranteed money to pass to the next generation.

• High earners who've maxed out retirement accounts - Another tax-advantaged savings vehicle.

• Those who want forced savings discipline - Premiums are required, ensuring you save consistently.

What Affects Your Whole Life Rate?

• Age at purchase - Younger buyers pay less. Premiums are fixed at your purchase age.

• Health and medical history - Underwriting determines your rate class.

• Coverage amount - More coverage means higher premiums.

• Policy features and riders - Add-ons increase cost.

• Carrier ratings and dividend history - Strong carriers with good dividend track records cost more but deliver more value.

Ready for Your Whole Life Insurance Quote?