Whole life insurance is the oldest form of life insurance. It is a cash value, permanent plan that is generally designed and structured to provide coverage to  the age of 100 or older. However, there are some polices that are considered whole life but do not necessarily hold true to the original design of 100 years old or older. 

The cash value provided by whole life policies is available for withdrawal, as well as loans, based on the contract. 

Whole life is most often used for:

  • Financial protection due to death
  • Retirement Planning
  • Estate Tax Planning