Learn about cash value life insurance, including its benefits and possible alternatives.
Learn about securing permanent lifetime protection with a New York Life whole life insurance policy, which offers access to cash value over time.
Whole life insurance is more expensive than term life insurance, but there are some advantages, such as cash value you can borrow against.
Key Takeaways: ; Whole life is the more expensive, but predictable, permanent life insurance option. ; Universal life, by contrast, gives you more flexibility in your premium, but may not provide as much of a return for cash value. ; Premiums for whole and universal life insurance policies are typically more expensive than those for term life insurance.
Whole life insurance may prove a better value than term for someone with an insurance need of greater than ten to fifteen years due to favorable tax treatment of interest credited to cash...
Whole life insurance policies provide permanent life insurance and typically offer fixed premiums, fixed death benefits and a cash value savings component.
Unlike term life insurance, whole life policies cover you for life and let you build savings in a cash value that you can tap for future needs.
Age of buyer, Gender ; 30, Female Male ; 40, Female Male ; 50, Female Male
Nationwide life insurance ; 18 - 80 years old · 250,000 · 5,000,000 · 10, 15, 20, and 30 years · Depends on policy · Select Go to site to apply for Nationwide Life Essentials: 21-55 years, no medical exam required.
Whole life insurance is a type of permanent life insurance with lifelong coverage. Learn more about whole life insurance.