What Is Whole Life Insurance And How Does It Work? 
Whole life insurance is as the name suggests a product designed to provide coverage for your whole life . There are several variations , for ease of understanding , I will cover the base plan . The cost of insurance increases as you get older and the risk of dying increases , Whole life is based on the level premium principle - you pay more than the cost of insurance in the early years and the excess accumulates . That excess is used by the insurance company to offset the amount at risk to keep the premium level . If you have further questions , please do not hesitate to contact me , 