Permanent Life Insurance or Whole Life Insurance

As the name suggests, permanent life insurance is also known as whole life insurance because it provides insurance coverage for a lifetime. It acts as a financial nest, providing security for your loved ones while building your wealth over time.

This type of insurance provides Lifetime insurance coverage & permanently protects your family and your legacy. Here you have to pay consistent premiums and that’s why this offers guaranteed cash value accumulation, in this type of insurance usually, premiums are paid for 20 years AND AFTER THEN YOU DON’T HAVE TO PAY FOR WHOLE OF YOUR LIFE, and you are still covered. In this type of insurance, whatever premiums you have paid in 20 years, are available back to you as CASH AMOUNT.