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WHOLE LIFE INSURANCE

Lifetime Coverage with Cash Value Growth

Take the first step with a FREE whole life insurance quote.

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What Is Whole Life Insurance?

Whole life insurance is a type of permanent life insurance that's designed to last your whole life, rather than a specific term. As long as you make your premium payments on time, your policy will not expire. The premiums also remain the same throughout your life regardless of your age, health or lifestyle changes. It also builds cash value over time and may pay dividends1
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How Does Whole Life Insurance Work?

Whole life insurance requires regular premium payments, typically monthly or annually. Part of the premium funds the death benefit for beneficiaries, while the rest contributes to the policy’s cash value, which grows over time.

Benefits of Whole Life Insurance

Lifetime Coverage

A key potential benefit of whole life insurance is that it has no expiration date. As long as you keep paying your premiums, your coverage will continue for your entire lifetime.

Fixed Premiums

Your whole life premium stays the same for the rest of your life so you don't have to worry about it increasing with age.

Cash Value

Some whole life policies build cash value, money you can withdraw or borrow while you're alive, though doing so is typically reserved for emergencies and will reduce the death benefit.

Living Benefits

Receive an early payout of policy death benefits if you're injured or have an illness with living benefits. This payment is made to the policy owner rather than to the beneficiary.

Estate Planning

Whole life insurance policies can be useful for estate planning purposes, as the death benefit can be used to provide liquidity for estate taxes or to transfer wealth to heirs.

Tax Advantages

The cash value component of a whole life insurance policy grows on a tax-deferred basis, meaning you won't pay taxes on the growth until you withdraw the money. Additionally, the death benefit is generally tax-free to your beneficiaries.

Types of Whole Life Insurance Policies

There are a few different types of whole life insurance based on how you pay for the policy:

Dividend Paying Whole Life

This is the standard type of whole life insurance policy. After you sign up, the amount you owe per year (the premium) stays the same for your entire life.

Non-Dividend Paying Whole Life

With limited payment whole life insurance, you only owe premiums for a set amount of time.

Single Premium Whole Life3

With a single premium whole life insurance policy, you only make one lump sum payment for your coverage.

Simplified Issue Whole Life

This is a permanent life insurance policy that typically does not require a medical exam or blood test. Just answer a few health questions.
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How Much Does Whole Life Insurance Cost?

The cost depends on several factors, including:

  • Your age
  • If you have any pre-existing medical issues or other health issues
  • The size of the death benefit
  • The number of premium payments you plan on making

Since these factors change on a case-by-case basis, the only way to know for sure how much a policy will cost for you is by meeting with a financial representative. After you formally apply and go through medical underwriting, we will give you the official cost and then you can decide whether to purchase a policy.

How Much Life Insurance Do You Need?

How Much Life Insurance Do You Need?

Life insurance can be an important element of your overall financial strategy. Answer a few questions about your life situation to estimate how much coverage you might need.

Get Your Whole Life Insurance Quote Today

Or
Give us a call 866-832-7714 866-832-7714
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Could Whole Life Insurance Be Right For You?

Whole life insurance offers long-term coverage, guaranteed savings, and accessible cash value, making it appealing to individuals at various life stages—from young adults to those nearing retirement. Western & Southern Life provides customizable policies with optional riders for added protection.

Learn More About Whole Life Insurance

Why Choose Western & Southern Life?

When you’re looking for whole life insurance protection, Western & Southern Life has a history of providing life insurance to people just like you. Our financial ratings make us one of the strongest life insurance groups, offering you the financial stability you can count on. We have knowledgeable financial representatives available to help you with your insurance needs.

Financial Strength

established 1888

Longevity & Stability

95 Comdex Ranking

Financial Ratings

IMPORTANT DISCLOSURES

1 Dividends are not guaranteed and may change at any time.

2 Loans will accrue interest. Loans and withdrawals may generate an income tax liability, reduce account value and the death benefit, and may cause the policy to lapse. The policy may be issued as a modified endowment contract (MEC) for tax purposes. Any withdrawals or surrenders could result in a taxable event. The cash value of life insurance builds over 20 years. There are other considerations the client needs to understand before taking a loan or withdrawal. The client should consider what is best for his or her situation.

Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

Life insurance policies contain certain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact a financial representative for complete details.

Life insurance products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value.