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Daniel Melo
Insurance Agent
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4275 LITTLE RD #101
Arlington, TX
76016-5617
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Phone: (817) 405-2631 Fax: (817) 678-0542 dmelo1@farmersagent.com |
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Whole Life Insurance: Permanent form of Life coverage that is provided for the insured's lifetime. Whole Life policies build cash value that the policy owner may borrow during the insured's lifetime, at a reasonable rate of interest. If there is an outstanding loan at the time of the insured's death, the death benefit is reduced by the loan amount.