Whole Life
Secure your family's financial future with lifelong protection
with investment growth potential, as well as potential tax benefits.
What is Whole Life insurance ?
Whole life insurance is a type of permanent life insurance that provides coverage for the entirety of the policyholder's life and includes a savings component known as cash value.
There are several types of whole life insurance policies available, each with different features and benefits. Some common types of whole life insurance include:
- Traditional Whole Life Insurance: Offers a fixed death benefit and premium payment for the life of the policyholder.
- Universal Life Insurance: Offers flexible premium payments and death benefits, allowing policyholders to adjust their coverage and premium payments over time
- Indexed Universal Life Insurance: Offers a cash value growth based on the performance of an index, such as the S&P 500.
- Variable Life Insurance: Offers a cash value growth based on the performance of investment options selected by the policyholder.
- Single Premium Whole Life Insurance: Allows policyholders to pay a lump sum upfront for coverage for the life of the policyholder.
What does it cover ?
Coverage
Whole life insurance provides coverage for the policyholder's entire life.Death Benefit
Upon the insured's death, a death benefit is paid out to the beneficiaries named in the policy.Premiums
Premiums must be paid on a regular basis to keep the policy in force.Cash Value
Whole life insurance policies often accumulate cash value over time, which can be borrowed against or used to pay premiums.Investment
Whole life insurance policies are often seen as an investment opportunity, as they offer a guaranteed payout upon death and the potential for cash value accumulation.Why Do You Need It ?
We need whole life insurance for lifelong financial protection and to build cash value over time
What sets MIEGI apart:
- Hands on knowledge with over 20 years of experience.
- Licensed with multiple carriers to ensure the best coverage at the best prices.
- Dedicated team committed to providing excellent and ongoing customer service.
- Personalized and customized affordable solutions.
- Outstanding customer satisfaction with 5 stars on google reviews .
- Simplified process incorporates cutting-edge technologies.
- Offices in multiple locations.