Whole life insurance
The insurance company sets the asset mix in which the savings portion of your premium is invested. Commonly, the mix is a conservatively managed pool of bonds, equities, mortgages and real estate.
Whole life insurance
The insurance company sets the asset mix in which the savings portion of your premium is invested. Commonly, the mix is a conservatively managed pool of bonds, equities, mortgages and real estate.
Though whole life insurance has a certain degree of flexibility, it’s mainly designed to be customized when established, and relatively maintenance-free thereafter.
Whole life insurance is also known as a participating policy, where policyholders may receive annual dividends based on the financial experience of the insurance company’s pooled asset mix. Dividends can be accepted in cash, applied to premiums, used to purchase additional coverage or left on deposit to earn interest.