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32 Mockingbird Lane
Woodbine, NJ 08270

Whole Life Insurance
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Features of whole life insurance:
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Covers you for life
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Provides death benefits as well as a cash value accumulation that builds during the life of the policy
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You typically must qualify with a health examination
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Can be purchased without a medical exam, but at a higher cost
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Takes 12 to 15 years to build up a decent cash value
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Can be a good choice for estate planning
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Cash value is based on how much the return on investment is worth
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A portion of the cash value can be withdrawn or borrowed during the life of the policy
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Initially has more expensive premiums than term life insurance, but can potentially save you money over the life of the policy if in force for a considerable number of years
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