Secure your lifetime and get extra benefits—that is what whole life insurance is all about. To be prepared for all possibilities lying ahead and safeguarding your family’s future is an example of risk management that most successful individuals follow.
Most whole life insurance policies have cash values that grow, and are tax-deferred. You are free to take out the cash value and use it for things such as paying for tuition, as an income stream during retirement, or to put money down to buy that new house that you have always wanted. While dividends depend on the extensiveness of your whole life policy terms, you will have the added benefit of your policy’s cash value’s growth!