Whole Life Insurance

Whole Life is a type of insurance you can keep your entire life. Whole life insurance offers consistent premiums and guaranteed cash value accumulation, You can borrow against the cash value of a whole life policy. They usually carry a fixed interest rate on the cash-value portion of the policy. Depending on the policy, some have very good rates. This can be another secure piece of your overall retirement investment strategy. This is so safe an investment many corporations hold whole life insurance policies in their portfolio. There are TV advertisements about selling these type of policies for cash, I'm sure you've heard "It's my money, and I need it now!"

(A whole life policy can be sold for a lump sum.)

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