What is whole life insurance?
The Bankrate.com financial term of the day is: "Whole Life Insurance."
Permanent life insurance, which covers you for your entire life, comes in many flavors. The most vanilla is whole life insurance. The premiums and death benefit are fixed, and the savings component, or cash value, grows at a guaranteed modest rate of return.
When you want a permanent life insurance policy with little risk of surprises down the road, the product you're looking for is whole life insurance.
To get an insurance quote, visit the Insurance section at Bankrate.com.
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