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.

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.

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.

Whole life insurance policies accumulate cash value over time, which can be borrowed against or withdrawn.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.

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 ...

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.

Whole life insurance is the most popular type of permanent life insurance. Whole life offers death benefit protection for your loved ones and offers cash value accumulation for you to use for ...

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 ...

Protective is the best life insurance company for people over 50 in 2024, based on our analysis of rates, cost, financial strength, policy illustrations and cash back value. Learn about the top ...

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 ...

However, if you don't use the cash value during your lifetime, it usually reverts to the insurance company when you pass away. For example, if you have a $50,000 death benefit and have built up ...