The best whole life insurance companies of 2025 MassMutual, State Farm and Guardian are among our top picks for whole life insurance. Updated Mon, Jul 14 2025 Liz Knueven Reporter, CNBC Select ...

Term life insurance locks in your rate and coverage for a specific timeframe. Whole life insurance usually lasts a lifetime and includes a cash value component. Your budget, family needs and ...

Her life insurance agent suggested that she consider a whole life policy. As we reviewed the pros and cons, it appeared like a whole life policy made a lot of sense for her.

Cash value life insurance offers benefits during your lifetime and after your death, but it can be expensive. Here’s a detailed look at its pros and cons.

Whole life insurance Whole life insurance provides steady, reliable coverage. This policy type comes with fixed premiums, a guaranteed death benefit and cash value that grows at a set interest rate.

With an indexed whole life insurance policy, the cash value grows at a rate tied to the performance of a stock index, such as the S&P 500 (the insurer chooses the index).

Let’s explore whole life insurance, including what it is, how it works, how much it costs and how it compares to term life coverage. That way, you can decide which policy might be right for you.

Universal Life Insurance: Like whole life insurance policies, universal life insurance policies have a death benefit and a cash value component. The key difference between these products is ...

In addition to a death benefit, your whole life policy builds cash value (albeit slowly) that you can borrow from or withdraw, use to cover your premiums or use to purchase more coverage. When you ...

How to use cash value life insurance policies Cash value life insurance policies may be particularly useful for estate planning and asset protection, according to Marty Burbank, the founder of the ...

Whole life insurance policies accumulate cash value over time, which can be borrowed against or withdrawn. Most companies also offer a range of optional riders or add-ons to customize your policy.