As the name implies, whole life insurance provides a guaranteed benefit throughout your entire life, regardless of your age or state of health. There are different kinds of whole life insurance. For example, some policies pay dividends while others do not. Some offer level premiums throughout your life, while others allow you to make higher payments for a shorter period of time. Some accumulate a cash value, which the policy owner may borrow against or surrender the policy to gain.

Whole life insurance premiums are generally much higher than those for other types of life insurance early on, when the insured is young and healthy. However, when the insured grows older and develops health problems, the premiums are often much lower than they would otherwise be.


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Family owned and operated since 1969, American Term is dedicated to getting you the right life insurance at the right price, even if you are considered high risk. Call us today at 1-800-380-3533 to learn how our unique dual application process can bring your life insurance premiums down.

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