Whereas Term Life is only Life Insurance, Whole Life Insurance is an investment as well as life coverage. A Whole Life policy locks in a level premium for a lifetime and provides living benefits for you in the form of cash value.
Benefits of Whole Life Insurance
- level premium for lifetime
- guaranteed cash value
- possibility for earning dividends
- growth in cash value is deferred
Farmers Premier Whole Life also offers a GIB option on juvenile policies also lets you purchase additional insurance at various life stages.
**Life Insurance issued by Farmers New World Life Insurance Company®, Mercer Island, WA 98040. Products and features are not available in all states and may vary by state. This site is for informational purposes only. You should consult your attorney, accountant or tax adviser for specific legal or tax advice.**
