Whole life insurance lasts for an insured's lifetime, versus term life insurance, which is for a certain amount of years.Consistently pays a dividend to suitable customers, which is common amid mutual life insurance companies.View all tax preparing and filingTax credits and deductionsTax formsTax software and productsTax preparing basicsNerdWallet
Whole life is long term life insurance, made for the long-term, with constant cash value development. Your policy builds cash value which is certain to increase after some time. Whole life could be a flexible tool that can help satisfy several needs, like assuring (by using the death benefit) that your household will likely be presented for should
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