Whole life insurance, as the name suggests, provides coverage for the entire lifetime of the policyholder. Unlike term insurance, this policy includes both a death benefit and a savings component, ...

Universal life insurance provides the most flexibility of permanent life insurance premiums whereas whole life insurance always charges the same premium. A policy illustration shows how your premiums ...

Whole life vs. term life has been a debate in the industry for some time. Which product is the better buy for clients?

High internal costs can eat into your cash value and/or result in higher premiums than competitors. We chose Penn Mutual because buyers of whole life insurance will appreciate Penn Mutual’s ...

Canadian life insurance new annualized premium reached a record $2.04bn in 2024, reflecting an 8 percent increase from 2023, according to LIMRA’s Retail Canadian Life Insurance Sales Survey. Despite ...

Whole life insurance has a fixed level premium that does not increase in cost. It is a higher outlay than term life insurance, but with whole life, there is a savings component. Part of your ...

If you no longer need a whole life insurance policy, you have options including cashing it in or borrowing against its value.

Cash value in life insurance refers to a savings component present in certain types of policies, such as whole and universal ...

You'll have to jump through more hoops to qualify for whole life insurance, such as medical exams and premium payments. However, your policy will never expire and may come with additional benefits ...