Whole Life insurance and Final Expense products offer benefits for your clients.

​Whole Life insurance is a type of policy that stays in effect as long as your client pays the premium. Whole Life policies can be a bit more complex as they build cash value over time, and the longer your client has the policy, the more cash it builds. Additionally, they can lock in an affordable premium rate that will never increase for as long as they own the policy. 

​Whole Life insurance provides an extra financial safety net for the unexpected and if a need arises, they can borrow against the available cash value to help cover lost income and pay for expenses. Alternatively, they can leave the cash value to their heirs as an inheritance.

What is Final Expense?

Final Expense is a type of Whole Life insurance that offers small coverage amounts to people who may not qualify for traditional Term or Whole Life policies. There are two types of Final Expense: Simplified issue, which requires your client to answer a few health questions and Guaranteed issue, which guarantees coverage except for those who suffer from certain, serious medical conditions.