Whole Life Insurance
Whole Life Insurance protects you for your lifetime and can build savings that you can draw on later and provide a death benefit. You can select an investment mix that is as individual as you are – taking into account your financial goals and circumstances and the amount of investment risk you’re comfortable with.
Milestone Insurance can help you decide which life insurance policy best suits your needs. For a no obligation quote, click the “Get a Quote” button on the right, and one of our certified financial planners will contact you directly.
Whole life insurance provides coverage for your entire life.
With most whole life plans, your premiums (monthly or annual fees) remain the same, regardless of changes to your health. And, your beneficiaries get a tax-free death benefit after you die.
The death benefit refers to the amount of money your beneficiaries get when you die. You can name your family or anyone you want as your beneficiaries.
Beneficiaries are the people or person you want to financially protect. The exact amount of money they get after you die depends on:
- how much life insurance coverage you buy and
- the type of policy you have.
How can whole life insurance help you?
As you age, or if your health deteriorates, purchasing a new insurance plan becomes much more costly. But with most whole life insurance, the premium is guaranteed to stay the same for the life of the policy.
Plus, when you buy a whole life insurance policy, the benefit is guaranteed for the rest of your life.
Whole life insurance can provide you with the security of knowing your loved ones will have lasting, stable financial protection. It can offer peace of mind early, leaving you free to enjoy your life now.