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Whole Life
Unlike Term Insurance, Whole Life Insurance (sometimes called permanent life) isn't restricted to a specific time period — it provides benefits as long as you continue to pay premiums. In addition, your Whole Life premiums are deposited in a savings vehicle, the cash value, which can grow over time. For that reason, a Whole Life policy can play an important role in your overall financial planning.
There are a number of important factors for you to consider when deciding if a Whole Life policy fits your needs. Your local Insphere Insurance Solutions® agent can give you guidance help you determine which life insurance option is right for you.
