What is Whole Life Insurance? The Pros and Cons - ValuePenguin
https://www.valuepenguin.com/life-insurance/what-is-whole-life-insurance
WEBJan 10, 2024 · Whole life insurance, by definition, covers you for your entire life, as long as you pay the premiums. It is sometimes referred to as "guaranteed whole life insurance," because companies promise to keep premiums the same the whole time you have the policy. If you die, and the policy hasn't lapsed, your beneficiaries will receive a payout.
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