If you’re looking for a lifetime of protection to help your peace of mind, whole life insurance may be the ideal choice for you. Whole life insurance has no fixed term and is designed to cover you for your whole life as long as the premiums are paid on time. Typically, the premium for whole life insurance is guaranteed not to increase for the life of the contract.
Whole life insurance can be participating, where policyholders may receive dividends, or non-participating, where policyholders do not receive dividends but premiums are generally lower.
Whole life insurance offers stability and long-term financial protection designed to cover your permanent insurance needs such as:
- Estate planning
- Funeral or other final expenses
- Income for your surviving spouse
- A financial legacy for your children
- Cash value accumulation for expenses during your lifetime
Non-participating whole life insurance
Foresters Financial™ non-participating whole life insurance1 comes with attractive features and guarantees, plus flexible options and add-ons to meet your family’s unique needs. Your policy generally provides a tax-free death benefit2, coverage is guaranteed for life as long as the certificate is in effect and the premiums can’t increase if your health status changes after coverage comes into effect.
Your policy also accumulates cash value3 that you may borrow against to help fund expenses during your lifetime. Cash value is the amount of money paid to the policy holder if the policy is terminated. As long as you pay your premiums and your policy stays in force, the cash value accumulates year after year starting in year 11. It’s a real asset with real value that can help protect you and your family.