Whole Life Insurance

Whole life insurance helps your family prepare for the unexpected. You are provided with life insurance for as long as you live, while you pay premiums. Get lifetime protection for a lifetime of needs.

Types of Whole Life Insurance:

  • Simple Term Whole Life (no ParaMed exam required)
  • Premier Whole Life
  • Flexible / Universal Life
  • Variable Whole Life

Life Insurance is not as black and white as you may think. Did you know a universal life insurance policies can be similar to a savings account that builds cash value with a compounded guaranteed interest rate of at least 3% (or greater) for the rest of your life? Unlike a term policy that lasts 10, 20, or 30 years, universal life insurance or “permanent insurance” (as many would say) can technically stay in force as long as you want or need it to be.

One of the benefits of whole life insurance policies is their flexibility. You can pay the maximum allotted amount towards your policy in order to grow your tax deferred cash value within the policy. However, you have the flexibility to pay the minimum if need be or pay nothing at all if you have accumulated enough cash value in order to make your monthly payments.

Discuss your life insurance policy with one of our agents. We will discuss your life and your situation to see if you have the right amount of coverage. We want to ensure that your loved ones are protected in the event of your passing. Give Rafail Insurance Group and schedule an appointment to talk with one of our insurance agents.