Life is unpredictable, but whole life insurance will provide the coverage for your entire life. Once your policy has been issued, it can’t be reduced, increased or cancelled by insurance company.
With permanent life insurance, you are covered for life—your coverage does not end after a certain term.
Premiums are guaranteed when you buy your coverage and remain unchanged for the life of your policy.
Permanent life insurance provides a tax-free death benefit to your beneficiaries when you pass away.