Lesson 2: Whole Life Insurance — What It Really Means

Whole life insurance offers lifelong coverage — and builds cash value over time.
It’s often considered a “set it and forget it” type of policy.

✅ Pros

• Coverage lasts your entire life

• Cash value grows tax-deferred

• Premiums remain the same forever

⚠️ Cons

• More expensive than term life

• Cash value grows slowly in the early years

• Can be confusing if sold without full explanation

Who It’s Best For:
People seeking lifetime protection, estate planning, or a mix of insurance and savings.

💡 Think of whole life as owning your protection — it grows with you, and it’s there for life.